Stantec (TSE:STN) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Stantec Inc. (TSE:STN) (NYSE:STN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$113.84 and traded as high as C$119.55. Stantec shares last traded at C$119.42, with a volume of 300,614 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on STN shares. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their price target on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. BMO Capital Markets boosted their price target on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Canaccord Genuity Group upped their target price on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, CIBC increased their price objective on shares of Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. One 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$140.33.

Stantec Price Performance

The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The company has a 50-day simple moving average of C$113.83 and a 200-day simple moving average of C$113.84. The company has a market cap of C$13.61 billion, a price-to-earnings ratio of 39.85, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, March 28th. This is a positive change from Stantec’s previous quarterly dividend of $0.21. Stantec’s dividend payout ratio is currently 28.03%.

Insiders Place Their Bets

In related news, Director Vito Culmone purchased 3,000 shares of Stantec stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of C$112.03 per share, with a total value of C$336,099.00. Corporate 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.