Stantec (TSE:STN) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Stantec Inc. shares recently crossed above their 200-day moving average, currently trading at C$150.32, with an average rating of "Buy" and a consensus price target of C$151.42.
• Several research firms, including Canaccord Genuity Group and Desjardins, have raised their price targets for Stantec, citing favorable market conditions.
• The company declared a quarterly dividend of $0.225, representing an annualized yield of 0.6% and a payout ratio of 28.03%.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$131.16 and traded as high as C$150.54. Stantec shares last traded at C$150.32, with a volume of 196,546 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on the stock. CIBC upped their target price on shares of Stantec from C$156.00 to C$168.00 in a research report on Friday, July 18th. Scotiabank upped their target price on shares of Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Stifel Nicolaus upped their target price on shares of Stantec from C$165.00 to C$169.00 and gave the company a "buy" rating in a research report on Friday. ATB Capital upped their target price on shares of Stantec from C$140.00 to C$145.00 and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group upped their target price on shares of Stantec from C$150.00 to C$165.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. One 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. Based on data from MarketBeat, Stantec currently has a consensus rating of "Buy" and an average target price of C$155.50.

Stantec Stock Up 0.1%

The firm has a market cap of C$16.75 billion, a price-to-earnings ratio of 49.03, a price-to-earnings-growth 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 stock has a 50-day moving average of C$149.17 and a 200-day moving average of C$131.75.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, June 30th. Stantec's payout ratio is 28.03%.

Insiders Place Their Bets

In other news, Director Clayton Bock acquired 1,250 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price 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 company'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. 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.