Contract boosts Stantec’s reputation

Article Excerpt

STANTEC INC. $41 is a buy. The stock (Toronto symbol STN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 111.5 million; Market cap: $4.6 billion; Price-to-sales ratio: 1.2; Dividend yield: 1.5%; TSINetwork Rating: Extra Risk; www.stantec.com) offers you exposure to this leading seller of consulting, project-delivery, design and technology services. The company’s clients operate in a variety of industries, including oil and gas, transportation and construction. The Egyptian government has selected a consortium led by Stantec to design and manage the construction of a new wastewater and sewer system in the Fayoum region, 90 kilometres south of Cairo. Stantec has yet to reveal how much this contract is worth, but the entire project will cost roughly $510 million U.S. It should take five years to complete. This deal also helps draw attention to the company’s expertise and should lead to more jobs in the Middle East and Africa. Africa…