Stantec (TSE:STN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$113.84 and traded as high as C$119.55. Stantec shares last traded at C$119.42, with a volume of 300,614 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. ATB Capital lifted their price objective on shares of Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 26th. BMO Capital Markets raised their target price on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Scotiabank boosted their price target on Stantec from C$129.00 to C$141.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Stifel Nicolaus raised their price objective on Stantec from C$135.00 to C$144.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, CIBC lifted their target price on Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$140.33.

Stantec Price Performance

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 company has a 50 day moving average of C$113.97 and a 200-day moving average of C$113.87. The firm has a market capitalization of C$13.69 billion, a P/E ratio of 40.07, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.21. Stantec’s payout ratio is presently 28.03%.

Insider Activity at Stantec

In other Stantec news, Director Vito Culmone acquired 3,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was purchased at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by corporate 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.