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

Key Points

• Stantec's stock price recently surpassed its 200-day moving average, reaching a high of C$150.47 before closing at C$149.91.
• Several analysts have upgraded their target prices for Stantec, with the average price target now at C$151.42 and an overall rating of "Buy".
• Stantec declared a quarterly dividend of $0.225, reflecting an annualized dividend of $0.90 and a yield of 0.6%.

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$129.48 and traded as high as C$150.47. Stantec shares last traded at C$149.91, with a volume of 285,223 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on STN shares. National Bankshares raised their target price on shares of Stantec from C$144.00 to C$147.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group raised their target price on shares of Stantec from C$150.00 to C$165.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. ATB Capital raised 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 note on Thursday, May 22nd. Scotiabank raised their target price on shares of Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Stantec from C$156.00 to C$165.00 in a research note on Wednesday, July 16th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$151.42.

Stantec Price Performance

The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The company's fifty day simple moving average is C$148.72 and its two-hundred day simple moving average is C$130.58. The stock has a market capitalization of C$17.18 billion, a PE ratio of 50.30, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

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

Insider Transactions at Stantec

In other news, Director Clayton Bock purchased 1,250 shares of the stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of C$139.51 per share, for a total transaction of C$174,392.88. Also, Director Susan Reisbord bought 2,785 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was bought at an average price of C$147.74 per share, with a total value 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.