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

Key Points

• Stantec Inc. (TSE:STN) stock price recently crossed above its 200-day moving average, trading at C$151.14, with a high of C$152.34 during the day.
• Several analysts have upgraded their price targets for Stantec, with CIBC raising their target from C$156.00 to C$168.00, while TD Securities increased theirs from C$145.00 to C$165.00.
• The company recently announced a quarterly dividend of $0.225 paid on July 15th, resulting in an annualized dividend yield of 0.60%.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$127.85 and traded as high as C$152.34. Stantec shares last traded at C$151.14, with a volume of 251,558 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on STN shares. National Bankshares upped their price objective on Stantec from C$144.00 to C$147.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Scotiabank increased their price objective on shares of Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Desjardins boosted their target price on shares of Stantec from C$148.00 to C$153.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group increased their price target on Stantec from C$138.00 to C$150.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, 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 report on Thursday, May 22nd. One equities research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$150.17.

Stantec Trading Up 0.3%

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 simple moving average is C$147.02 and its two-hundred day simple moving average is C$128.36. The company has a market capitalization of C$17.04 billion, a PE ratio of 49.89, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a yield of 0.60%. Stantec's payout ratio is currently 28.03%.

Insider Transactions at Stantec

In other news, Director Clayton Bock acquired 1,250 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost 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 firm's stock in a transaction on Thursday, June 26th. The stock was purchased at an average cost of C$147.74 per share, with a total value of C$411,458.13. Corporate 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.