Stantec (TSE:STN) Shares Cross Above Two Hundred Day Moving Average of $63.64

Stantec Inc. (TSE:STN) (NYSE:STN)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$63.64 and traded as high as C$68.29. Stantec shares last traded at C$67.62, with a volume of 210,807 shares trading hands.

STN has been the topic of a number of analyst reports. Raymond James restated an “outperform” rating and issued a C$76.00 price target on shares of Stantec in a research note on Thursday, December 16th. ATB Capital lifted their price target on Stantec from C$71.00 to C$72.00 and gave the company a “sector perform” rating in a research note on Friday, November 5th. Royal Bank of Canada boosted their target price on Stantec from C$59.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Friday, October 22nd. National Bankshares boosted their target price on Stantec from C$72.00 to C$80.00 in a research report on Wednesday, January 5th. Finally, Scotiabank boosted their target price on Stantec from C$72.00 to C$78.00 in a research report on Friday, October 22nd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$73.15.

The stock has a market capitalization of C$7.52 billion and a price-to-earnings ratio of 37.67. The company has a 50 day moving average of C$70.37 and a 200 day moving average of C$63.64. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 64.52.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, November 3rd. The company reported C$0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.67 by C$0.05. The business had revenue of C$932.90 million during the quarter, compared to analyst estimates of C$971.56 million. On average, research analysts forecast that Stantec Inc. will post 2.9299999 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Friday, December 31st will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $0.66 annualized dividend and a yield of 0.98%. Stantec’s payout ratio is currently 36.21%.

In related news, Director Theresa Jang bought 500 shares of the firm’s stock in a transaction dated Tuesday, November 30th. The stock was bought at an average price of C$69.42 per share, with a total value of C$34,708.00. Following the completion of the transaction, the director now directly owns 14,248 shares of the company’s stock, valued at C$989,039.17. Also, Director Valentino Dimanno sold 1,895 shares of the company’s stock in a transaction dated Friday, November 19th. The stock was sold at an average price of C$72.28, for a total value of C$136,970.60. Following the completion of the sale, the director now directly owns 25,306 shares of the company’s stock, valued at approximately C$1,829,117.68. Insiders sold 48,284 shares of company stock valued at $3,407,943 over the last quarter.

Stantec Company Profile (TSE:STN)

Stantec Inc provides professional consulting services in the area of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

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