Stantec (TSE:STN) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Stantec Inc. (TSE:STN) (NYSE:STN)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$114.11 and traded as low as C$113.67. Stantec shares last traded at C$113.86, with a volume of 404,447 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on STN shares. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. BMO Capital Markets increased their target price on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Stifel Nicolaus lifted their price target on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. CIBC increased their price objective on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Finally, Canaccord Genuity Group raised their target price on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$129.50.

Stantec Trading Down 0.9 %

The firm has a 50-day simple moving average of C$116.81 and a 200-day simple moving average of C$114.11. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. The stock has a market cap of C$12.99 billion, a PE ratio of 37.45, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 0.74%. Stantec’s dividend payout ratio (DPR) is 27.63%.

Insiders Place Their Bets

In other news, Director Vito Culmone purchased 4,000 shares of Stantec stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. 0.27% of the stock is owned by corporate 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.