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

Stantec Inc. (TSE:STN) (NYSE:STN) shares crossed 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 trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. ATB Capital raised their price target on Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a report on Wednesday, February 26th. Raymond James raised Stantec from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$130.00 to C$140.00 in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their target price on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. BMO Capital Markets lifted their target price on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, CIBC lifted their target price on Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$140.33.

Stantec Stock 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 market cap of C$13.61 billion, a price-to-earnings ratio of 39.85, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a fifty day moving average of C$113.83 and a two-hundred day moving average of C$113.84.

Stantec Increases Dividend

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

Insiders Place Their Bets

In other news, Director Vito Culmone purchased 3,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were purchased 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.