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

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Scotiabank raised Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Canaccord Genuity Group lifted their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Stifel Nicolaus lifted their price objective on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Finally, Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$126.36.

Stantec Stock Down 0.1 %

The company has a market cap of C$13.70 billion, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The firm’s fifty day moving average price is C$112.46 and its 200-day moving average price is C$113.07.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s payout ratio is presently 27.63%.

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.