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

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$112.39 and traded as high as C$115.55. Stantec shares last traded at C$113.27, with a volume of 149,432 shares trading hands.

Wall Street Analyst Weigh In

STN has been the subject of several analyst reports. Raymond James downgraded Stantec from an "outperform" rating to a "market perform" rating and cut their price target for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Canaccord Genuity Group upped their price objective on shares of Stantec from C$120.00 to C$125.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Stifel Nicolaus increased their price target on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Finally, BMO Capital Markets increased their price target on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$123.50.

Stantec Stock Up 0.8 %

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 firm's 50 day simple moving average is C$110.97 and its two-hundred day simple moving average is C$112.40. The firm has a market cap of C$13.02 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN - Get Free Report) NYSE: STN last released its earnings results on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, beating the consensus estimate of C$1.11 by C$0.01. The firm had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, September 27th. Stantec's dividend payout ratio (DPR) is presently 27.63%.

Insiders Place Their Bets

In other news, Director Vito Culmone purchased 2,000 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of C$112.97 per share, for a total transaction of C$225,940.00. In other Stantec news, Director Vito Culmone acquired 2,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of Stantec stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the transaction, the director now owns 840 shares of the company's stock, valued at C$92,190. This trade represents a 0.00 % increase in their position. Insiders have acquired 2,445 shares of company stock valued at $274,636 in the last ninety days. 0.27% of the stock is currently owned by insiders.

About Stantec

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.