Stantec (TSE:STN) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$120.76 and traded as high as C$147.57. Stantec shares last traded at C$146.86, with a volume of 211,017 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Canaccord Genuity Group increased their price objective on shares of Stantec from C$138.00 to C$150.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. National Bankshares increased their price target on shares of Stantec from C$144.00 to C$147.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. CIBC raised their price target on shares of Stantec from C$141.00 to C$156.00 in a research report on Thursday, May 22nd. Royal Bank of Canada boosted their price objective on shares of Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating and increased their target price for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$148.42.

Stantec Stock Performance

The business's 50 day simple moving average is C$131.04 and its two-hundred day simple moving average is C$120.94. The firm has a market capitalization of C$16.51 billion, a PE ratio of 48.34, 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.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Stantec's previous quarterly dividend of $0.21. Stantec's dividend payout ratio is 28.03%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Clayton Bock purchased 1,250 shares of Stantec stock in a transaction dated 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. 0.27% of the stock is owned by corporate insiders.

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.