Stantec (TSE:STN) Hits New 12-Month High - What's Next?

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$147.58 and last traded at C$146.22, with a volume of 174817 shares. The stock had previously closed at C$144.27.

Analyst Ratings Changes

Several research analysts have recently issued reports on STN shares. TD Securities upped their price target on shares of Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. National Bankshares upped their price target on shares of Stantec from C$144.00 to C$147.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Royal Bank of Canada upped their price target on shares of Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Desjardins increased their price objective on Stantec from C$148.00 to C$153.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group increased their price objective on Stantec from C$138.00 to C$150.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. One research 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$148.42.

Stantec Stock Performance

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 stock has a fifty day simple moving average of C$131.69 and a two-hundred day simple moving average of C$121.10. The stock has a market capitalization of C$16.51 billion, a price-to-earnings ratio of 48.34, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, March 28th. This is a boost from Stantec's previous quarterly dividend of $0.21. Stantec's dividend payout ratio is 28.03%.

Insider Activity at Stantec

In other news, Director Clayton Bock bought 1,250 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of C$139.51 per share, with a total value of C$174,392.88. 0.27% of the stock is owned by insiders.

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.