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

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$147.82 and traded as high as C$152.21. Stantec shares last traded at C$151.04, with a volume of 335,568 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STN. TD Securities boosted their target price on Stantec from C$176.00 to C$183.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Desjardins lifted their price objective on Stantec from C$153.00 to C$158.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Raymond James Financial increased their target price on Stantec from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. CIBC raised their target price on shares of Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, National Bankshares upped their price target on shares of Stantec from C$162.00 to C$164.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$161.55.

Stantec Trading Up 0.0%

The company has a 50-day moving average price of C$153.29 and a two-hundred day moving average price of C$147.82. The stock has a market cap of C$17.23 billion, a P/E ratio of 39.54, a P/E/G 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were paid a $0.225 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.90 annualized dividend and a dividend yield of 0.6%. Stantec’s dividend payout ratio is currently 22.77%.

About Stantec

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.