Stantec (TSX:STN) Could Be 20% Undervalued After Its Acquisition Push

Recent acquisitions have pushed Stantec (TSX:STN) deeper into international markets, drawing fresh attention to how the enlarged consulting and engineering platform might influence future earnings power and the stock’s recent move in market value.

Investors have reacted quickly to the acquisition news, with the share price up 9.5% over the past week and 15.55% over the last month. However, the stock remains down 16.60% on a year to date share price basis, and the 1 year total shareholder return has declined 28.72%. Momentum has therefore picked up recently, while the longer term picture still reflects earlier weakness.

Scan how Stantec’s acquisition story compares with other infrastructure focused consultancies by reviewing the hand picked 5 high quality undervalued stocks that share similar quality traits.

After a sharp rebound in Stantec’s share price but a weaker 1 year return, the decision point is clear. Does buying after this run up still leave enough value on the table, or does patience make more sense as valuation comes into focus?

Most Popular Narrative: 20% Undervalued

The most followed narrative on Stantec pegs fair value at about CA$137.45 per share, compared with the last close of CA$110.15. That gap frames the acquisition push and record pipeline as the key swing factors for how the stock might be priced over time.

Recent large acquisitions such as Page, Cosgroves and Ryan Hanley have significantly expanded Stantec's presence in the U.S., New Zealand and Ireland. With Page now performing strongly and Niche in Australia added in mid 2026, the larger platform can keep widening the revenue base and support future earnings growth as integration benefits continue to flow through to results.

See why 48 investors see Stantec as 20% undervalued.

Result: Fair Value of CA$137.45 (UNDERVALUED)

Still, the bullish Stantec narrative hinges on smooth integration of recent deals and on large clients continuing to award and ramp multi year programs without material delays.

Find out about the key risks to this Stantec narrative.

Next Steps

Mixed signals around Stantec’s rebound and risk profile only go so far; you still need to weigh the trade off yourself and act decisively. To see both sides laid out clearly, review the 5 key rewards and 1 important warning sign.

Looking for more Stantec sized investment ideas?

Do not stop with one opportunity. Apply the same scrutiny you brought to Stantec to a wider watchlist and keep fresh ideas coming to you instead of chasing them late.

• Target income first and use the 3 dividend fortresses to hunt for companies where yield and staying power line up more cleanly than guesswork.
• Pursue resilience by scanning the 9 resilient stocks with low risk scores so you focus on businesses that score well on stability instead of headline excitement alone.
• Spot potential early and run the 8 high quality undiscovered gems to surface quality stories that many investors have not yet brought onto their radar.

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