Stantec (TSE:STN) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Stantec Inc. (TSE:STN) (NYSE:STN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$112.39 and traded as high as C$115.55. Stantec shares last traded at C$113.27, with a volume of 149,432 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STN shares. Stifel Nicolaus boosted their price objective on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$125.00 to C$120.00 in a research report on Thursday, August 8th. BMO Capital Markets boosted their price objective on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Finally, Canaccord Genuity Group boosted their price objective on Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$123.50.

Stantec Stock Down 0.5 %

The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The stock has a 50 day moving average price of C$110.97 and a 200 day moving average price of C$112.40. The company has a market cap of C$12.96 billion, a P/E ratio of 37.41, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.01. Stantec had a return on equity of 12.91% and a net margin of 6.31%. The company had revenue of C$1.49 billion for the quarter, compared to the consensus estimate of C$1.49 billion.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, September 27th. Stantec’s dividend payout ratio is presently 27.63%.

Insider Buying and Selling

In related news, Director Asifa Samji bought 300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the acquisition, the director now directly owns 840 shares of the company’s stock, valued at C$92,190. The trade was a 0.00 % increase in their position. In other Stantec news, Director Vito Culmone purchased 2,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the acquisition, the director now directly owns 840 shares of the company’s stock, valued at C$92,190. This represents a 0.00 % increase in their position. Insiders have purchased 2,445 shares of company stock worth $274,636 in the last three months. 0.27% of the stock is currently owned by insiders.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.