Stantec (TSE:STN) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Stantec shares fell below their 200-day moving average, trading as low as C$94.98 versus the C$104.75 average, with the latest price at C$95.55.
• Despite the technical weakness, analysts remain bullish: all 11 covering analysts rate the stock a Buy, with a consensus target price of C$143.00.
• Stantec reported quarterly revenue of C$2.23 billion and earnings of C$1.61 per share, while declaring a quarterly dividend of $0.245 per share, equivalent to a 1.0% yield.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$104.75 and traded as low as C$94.98. Stantec shares last traded at C$95.55, with a volume of 386,513 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STN. Scotia dropped their price target on Stantec from C$133.00 to C$129.00 and set a "sector outperform" rating on the stock in a research note on Friday, August 14th. Scotiabank decreased their price objective on Stantec from C$138.00 to C$133.00 and set a "sector outperform" rating for the company in a report on Friday, July 10th. Desjardins set a C$169.00 price objective on Stantec and gave the stock a "buy" rating in a report on Friday, August 14th. ATB Cormark Capital Markets lifted their target price on Stantec from C$130.00 to C$133.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Finally, National Bank Financial dropped their target price on Stantec from C$143.00 to C$120.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$143.00.

Stantec Stock Performance

The stock's 50-day moving average price is C$99.52 and its 200 day moving average price is C$104.75. The firm has a market cap of C$10.74 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46.

Stantec (TSE:STN - Get Free Report) NYSE: STN last released its earnings results on Wednesday, August 12th. The company reported C$1.61 earnings per share for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The business had revenue of C$2.23 billion during the quarter.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.2450 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 annualized dividend and a yield of 1.0%. Stantec's payout ratio is 21.22%.

Insider Transactions at Stantec

In other Stantec news, Director Susan Reisbord acquired 2,068 shares of Stantec stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of C$102.59 per share, for a total transaction of C$212,156.12. Following the purchase, the director directly owned 8,253 shares in the company, valued at approximately C$846,675.27. This represents a 33.44% increase in their position. Also, Director Shelley Ann Marie Brown acquired 393 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was bought at an average price of C$95.91 per share, with a total value of C$37,692.63. Following the acquisition, the director directly owned 6,277 shares in the company, valued at C$602,027.07. This represents a 6.68% increase in their ownership of the stock. Corporate insiders own 0.27% of the company's stock.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world's greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today's communities transcend geographic borders.

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