Stantec (TSE:STN) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Stantec Inc. (TSE:STN) (NYSE:STN)’s stock price crossed 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 trading hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on STN shares. TD Securities upped their price target on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. National Bankshares boosted their price objective on Stantec from C$140.00 to C$143.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group increased their target price 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. BMO Capital Markets boosted their price target on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada upped their price objective on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$140.33.

Stantec Trading Up 0.3 %

The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The company has a fifty day simple moving average of C$114.84 and a 200-day simple moving average of C$114.05. The company has a market capitalization of C$13.65 billion, a PE ratio of 39.97, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Increases Dividend

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

Insider Buying and Selling at Stantec

In other Stantec news, Director Vito Culmone bought 3,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was bought at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by company insiders.

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.