Stantec (TSE:STN) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Stantec Inc.'s stock price has crossed above its 200-day moving average, reaching a high of C$149.72 before last trading at C$148.55.
• Equity analysts have raised their price targets for Stantec, with a consensus average target of C$155.50 and the majority rating the stock as a "Buy."
• The company announced a quarterly dividend of $0.225 per share, representing an annual yield of 0.6% with a concentration on sustainable engineering and environmental consulting.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$136.46 and traded as high as C$149.72. Stantec shares last traded at C$148.55, with a volume of 382,535 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on STN shares. Desjardins upped their target price on shares of Stantec from C$153.00 to C$158.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. CIBC increased their price target on Stantec from C$156.00 to C$168.00 in a report on Friday, July 18th. Stifel Nicolaus increased their target price on shares of Stantec from C$165.00 to C$169.00 and gave the company a "buy" rating in a report on Friday, August 15th. Scotiabank boosted their target price on shares of Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, ATB Capital upped their target price on shares of Stantec from C$140.00 to C$145.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$155.50.

Stantec Stock Performance

The firm has a market capitalization of C$17.71 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92. The business's fifty day simple moving average is C$150.52 and its 200-day simple moving average is C$136.97. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.225 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a yield of 0.6%. Stantec's dividend payout ratio (DPR) is presently 22.77%.

Insider Buying and Selling at Stantec

In other news, Director Susan Reisbord bought 2,785 shares of the stock in a transaction on Thursday, June 26th. The stock was acquired 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.