Stantec (TSE:STN) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$113.56 and traded as high as C$119.12. Stantec shares last traded at C$118.80, with a volume of 296,241 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STN. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. CIBC increased their price target on Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group raised their target price on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Stifel Nicolaus raised their target price on Stantec from C$135.00 to C$144.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada raised their target price on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$140.33.

Stantec Trading Down 0.2 %

The firm has a fifty day simple moving average of C$113.16 and a two-hundred day simple moving average of C$113.56. The stock has a market cap of C$13.54 billion, a PE ratio of 39.64, a PEG ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.71%. Stantec’s payout ratio is currently 28.03%.

Insider Buying and Selling at Stantec

In other news, Director Vito Culmone acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of C$112.03 per share, with a total value of C$336,099.00. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.