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

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 changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on STN shares. CIBC boosted their price objective on Stantec from C$134.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Canaccord Genuity Group boosted their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Desjardins boosted their price objective on Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada boosted their price objective on Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Finally, Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$130.00 to C$140.00 in a report on Wednesday, February 26th. One investment 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$140.33.

Stantec Stock Performance

The company has a 50-day simple moving average of C$113.16 and a two-hundred day simple moving average of C$113.56. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The firm 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.

Stantec Announces Dividend

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

Insiders Place Their Bets

In other Stantec news, Director Vito Culmone acquired 3,000 shares of the business’s stock in a transaction on 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. 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.