Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$116.29 and traded as high as C$127.31. Stantec shares last traded at C$126.58, with a volume of 125,209 shares.
Wall Street Analyst Weigh In
A number of research firms have issued reports on STN. Scotiabank boosted their price objective on shares of Stantec from C$129.00 to C$141.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. TD Securities boosted their price target on Stantec from C$139.00 to C$145.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Royal Bank of Canada raised their price objective on Stantec from C$128.00 to C$138.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Desjardins upped their target price on Stantec from C$138.00 to C$148.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Raymond James raised Stantec from a "market perform" rating to an "outperform" rating and increased their target price for the stock from C$130.00 to C$140.00 in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$140.50.
Read Our Latest Stock Analysis on Stantec
Stantec Price Performance
The stock has a market cap of C$14.97 billion, a price-to-earnings ratio of 43.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The business's 50-day simple moving average is C$119.82 and its two-hundred day simple moving average is C$116.52.
Stantec Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.225 per share. This is a boost from Stantec's previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, March 28th. Stantec's payout ratio is 28.03%.
About Stantec
(
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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.
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