Stantec (TSE:STN) Stock Passes Above 200 Day Moving Average – Here’s Why

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$114.05 and traded as high as C$120.20. Stantec shares last traded at C$119.77, with a volume of 131,425 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STN. Desjardins raised their price objective on shares of Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Royal Bank of Canada raised their target price on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. BMO Capital Markets upped their price target on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Canaccord Genuity Group increased their price objective on 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, Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating and lifted their target price for the stock 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Stantec presently has an average rating of “Buy” and a consensus target price of C$140.33.

Stantec Stock Down 0.1 %

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 capitalization of C$13.62 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The business’s 50-day moving average price is C$115.01 and its 200-day moving average price is C$114.11.

Stantec Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.21. Stantec’s dividend payout ratio (DPR) is 28.03%.

Insider Activity

In other news, Director Vito Culmone purchased 3,000 shares of Stantec stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently owned by corporate insiders.

About Stantec

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.