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

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

STN has been the subject of a number of recent research reports. National Bankshares upped their price objective on shares of Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. ATB Capital upped their price target on Stantec from C$125.00 to C$135.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 26th. Raymond James raised Stantec from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. TD Securities upped their target price on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Scotiabank increased their price target on Stantec from C$129.00 to C$141.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$140.33.

Stantec Stock Down 0.1 %

The firm has a 50-day moving average price of C$115.01 and a two-hundred day moving average price of C$114.11. The company has a market capitalization of C$13.62 billion, a P/E ratio of 39.86, a PEG ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 0.75%. Stantec’s dividend payout ratio is 28.03%.

Insiders Place Their Bets

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

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.