Stantec (TSE:STN) Share Price Crosses Above 200 Day Moving Average - Here's Why

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$112.97 and traded as high as C$117.67. Stantec shares last traded at C$117.62, with a volume of 243,422 shares changing hands.

Analyst Upgrades and Downgrades

STN has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Scotiabank raised Stantec to a "strong-buy" rating in a report on Friday, October 25th. Canaccord Genuity Group increased their price target on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Raymond James downgraded Stantec from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised their price objective on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Stantec has an average rating of "Moderate Buy" and a consensus price target of C$126.36.

Stantec Stock Performance

The company has a market capitalization of C$13.42 billion, a P/E ratio of 38.69, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The company's fifty day moving average is C$111.97 and its 200 day moving average is C$112.97.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, December 31st. Stantec's payout ratio is currently 27.63%.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.