Stantec (TSE:STN) Stock Price Passes Above 200 Day Moving Average - What's Next?

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$114.05 and traded as high as C$120.20. Stantec shares last traded at C$119.77, with a volume of 131,425 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on STN. Royal Bank of Canada increased their price target on Stantec from C$128.00 to C$138.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on shares of Stantec from C$135.00 to C$138.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Scotiabank lifted their price target on shares of Stantec from C$129.00 to C$141.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. National Bankshares increased their price objective on shares of Stantec from C$140.00 to C$143.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, ATB Capital boosted their target price on shares of Stantec from C$125.00 to C$135.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Stantec has a consensus rating of "Buy" and an average price target of C$140.33.

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Stantec Stock Performance

The company has a market capitalization of C$13.39 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 1.46 and a beta of 0.82. The stock has a 50 day simple moving average of C$115.30 and a 200 day simple moving average of C$114.21. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Stantec's previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 0.77%. Stantec's dividend payout ratio (DPR) is currently 28.03%.

Insider Activity

In other news, Director Vito Culmone acquired 3,000 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of C$112.03 per share, with a total value of C$336,099.00. Corporate 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.