Stantec (TSE:STN) Hits New 52-Week High - Should You Buy?

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN reached a new 52-week high on Wednesday . The company traded as high as C$150.60 and last traded at C$150.58, with a volume of 62077 shares trading hands. The stock had previously closed at C$149.29.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Stantec from C$143.00 to C$156.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Scotiabank lifted their target price on Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. CIBC lifted their target price on Stantec from C$141.00 to C$156.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group lifted their price objective on Stantec from C$138.00 to C$150.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, ATB Capital lifted their price objective on Stantec from C$140.00 to C$145.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$148.42.

Stantec Stock Up 0.0%

The firm has a market capitalization of C$17.21 billion, a PE ratio of 50.38, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The company has a fifty day simple moving average of C$142.77 and a two-hundred day simple moving average of C$125.22.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, June 30th. Stantec's dividend payout ratio is currently 28.03%.

Insider Activity

In other news, Director Clayton Bock acquired 1,250 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of C$139.51 per share, with a total value of C$174,392.88. Also, Director Susan Reisbord acquired 2,785 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was purchased at an average cost of C$147.74 per share, for a total transaction of C$411,458.13. Corporate 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.