Stantec (TSE:STN) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$112.97 and traded as high as C$117.67. Stantec shares last traded at C$117.62, with a volume of 243,422 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STN shares. Stifel Nicolaus raised their price objective on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. BMO Capital Markets increased their target price on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Scotiabank raised Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Canaccord Genuity Group boosted their target price on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$126.36.

Stantec Trading Up 1.4 %

The firm has a market capitalization of C$13.42 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 1.46 and a beta of 0.82. 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 company has a 50-day moving average price of C$111.97 and a 200-day moving average price of C$112.97.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.21 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.71%. Stantec’s dividend payout ratio is currently 27.63%.

About Stantec

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.