Stantec (TSE:STN) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$119.66 and traded as high as C$145.03. Stantec shares last traded at C$144.52, with a volume of 273,159 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Stantec from C$143.00 to C$156.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group increased their price objective on Stantec from C$138.00 to C$150.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. TD Securities boosted their target price on Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Royal Bank of Canada upped their price target on Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, ATB Capital lifted their price objective on shares of Stantec from C$140.00 to C$145.00 and gave the company a "sector perform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$148.42.

Stantec Trading Up 1.2%

The company has a market cap of C$16.59 billion, a P/E ratio of 48.56, a PEG ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The business has a 50 day moving average price of C$128.79 and a 200-day moving average price of C$120.25.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.225 dividend. This is an increase from Stantec's previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, March 28th. Stantec's dividend payout ratio (DPR) is 28.03%.

Insider Buying and Selling

In other Stantec news, Director Clayton Bock purchased 1,250 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired 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 currently owned by corporate 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.