Stantec (TSE:STN) Stock Passes Above 200-Day Moving Average - Time to Sell?

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%.

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$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 Analyst Weigh In

STN has been the subject of several analyst reports. National Bankshares increased their target price on Stantec from C$144.00 to C$147.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Scotiabank increased their price objective on Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. TD Securities raised their target price on shares of Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Desjardins increased their price target on shares of Stantec from C$148.00 to C$153.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, CIBC raised their price target on shares of Stantec from C$156.00 to C$168.00 in a report on Friday, July 18th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Stantec has a consensus rating of "Buy" and a consensus target price of C$151.42.

Stantec Stock Performance

The company has a market cap of C$17.30 billion, a PE ratio of 50.65, a PEG 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 business's 50 day moving average is C$148.42 and its two-hundred day moving average is C$130.06.

Stantec Dividend Announcement

The business also recently disclosed 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. 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 is 28.03%.

Insider Activity at Stantec

In other news, Director Susan Reisbord acquired 2,785 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were bought at an average price of C$147.74 per share, with a total value of C$411,458.13. Also, Director Clayton Bock acquired 1,250 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of C$139.51 per share, with a total value of C$174,392.88. Insiders own 0.27% of the company's stock.

Stantec Company Profile

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.