Stantec (TSE:STN) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Stantec Inc. (TSE:STN) (NYSE:STN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$146.65 and traded as high as C$153.99. Stantec shares last traded at C$152.03, with a volume of 425,433 shares changing hands.

Wall Street Analysts Forecast Growth

STN has been the subject of a number of recent analyst reports. TD Securities raised their price target on shares of Stantec from C$176.00 to C$183.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Royal Bank Of Canada boosted their target price on shares of Stantec from C$150.00 to C$153.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Scotiabank upped their target price on shares of Stantec from C$160.00 to C$161.00 in a research note on Friday, October 17th. Canaccord Genuity Group lifted their price target on Stantec from C$150.00 to C$165.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, National Bankshares upped their price objective on Stantec from C$162.00 to C$164.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$159.33.

Stantec Stock Down 1.2%

The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The stock’s fifty day simple moving average is C$153.05 and its 200-day simple moving average is C$146.65. The stock has a market cap of C$17.34 billion, a P/E ratio of 39.80, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were given a dividend of $0.225 per share. The ex-dividend date was Monday, September 29th. This represents a $0.90 dividend on an annualized basis and a yield of 0.6%. Stantec’s payout ratio is currently 22.77%.

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.