Stantec (TSE:STN) Shares Cross 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 Friday . The stock has a two hundred day moving average of C$113.56 and traded as high as C$119.12. Stantec shares last traded at C$118.80, with a volume of 296,241 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on STN shares. ATB Capital boosted their target price on Stantec from C$125.00 to C$135.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 26th. Scotiabank boosted their price objective on Stantec from C$129.00 to C$141.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. TD Securities upped their target price on Stantec from C$139.00 to C$145.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Royal Bank of Canada lifted their price target on Stantec from C$128.00 to C$138.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their price target on shares of Stantec from C$135.00 to C$138.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Stantec has an average rating of "Buy" and an average price target of C$140.33.

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Stantec Stock Performance

The firm's fifty day moving average is C$113.33 and its 200-day moving average is C$113.64. 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 stock has a market capitalization of C$13.27 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Tuesday, December 31st. Stantec's payout ratio is 28.03%.

Insiders Place Their Bets

In other Stantec news, Director Vito Culmone purchased 3,000 shares of the business's stock in a transaction on Monday, December 30th. The shares were bought at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by 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.