Stantec (TSE:STN) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

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 stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

A number of analysts have issued reports on STN shares. Stifel Nicolaus raised their price target on Stantec from C$165.00 to C$169.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Canaccord Genuity Group raised their price objective on Stantec from C$150.00 to C$165.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Raymond James Financial raised their price objective on Stantec from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Royal Bank Of Canada raised their price objective on Stantec from C$150.00 to C$153.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Finally, Scotiabank raised their price objective on Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$155.50.

Stantec Trading Down 1.4%

The business has a 50 day simple moving average of C$150.60 and a two-hundred day simple moving average of C$137.37. 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 stock has a market cap of C$17.47 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92.

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 given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 30th. Stantec's dividend payout ratio is presently 22.77%.

Insider Activity

In other Stantec news, Director Susan Reisbord bought 2,785 shares of the business's stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of C$147.74 per share, with a total value of C$411,458.13. 0.27% of the stock is currently 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.