Stantec (TSE:STN) Shares Pass Above 200 Day Moving Average of $113.18

Stantec Inc. (TSE:STN) (NYSE:STN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$113.18 and traded as high as C$113.54. Stantec shares last traded at C$112.61, with a volume of 278,124 shares.

Wall Street Analyst Weigh In

STN has been the topic of a number of analyst reports. Raymond James downgraded shares of Stantec from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. National Bankshares increased their price objective on Stantec from C$126.00 to C$128.00 in a research report on Friday, May 10th. Scotiabank lifted their target price on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their price objective on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price objective on Stantec from C$123.00 to C$125.00 in a research note on Friday, May 10th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$120.69.

Stantec Price Performance

The stock has a market cap of C$12.85 billion, a PE ratio of 37.04, a PEG ratio of 1.46 and a beta of 0.84. The stock has a 50 day moving average of C$115.29 and a two-hundred day moving average of C$113.18. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.75%. Stantec’s payout ratio is 27.63%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Vito Culmone purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In other Stantec news, Director Asifa Samji bought 300 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the transaction, the director now owns 840 shares in the company, valued at C$92,190. Also, Director Vito Culmone acquired 2,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Insiders acquired 2,905 shares of company stock worth $327,967 over the last ninety days. 0.27% of the stock is currently owned by insiders.

About Stantec

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.