Stantec (TSE:STN) Shares Pass Above 200-Day Moving Average – Time to Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$113.56 and traded as high as C$119.12. Stantec shares last traded at C$118.80, with a volume of 296,241 shares traded.

Analyst Upgrades and Downgrades

STN has been the subject of several recent research reports. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$130.00 to C$140.00 in a research report on Wednesday, February 26th. TD Securities lifted their price target on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. National Bankshares lifted their price target on Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Royal Bank of Canada lifted their price target on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their price target on Stantec from C$135.00 to C$144.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$140.33.

Stantec Stock Down 0.2 %

The company has a 50-day simple moving average of C$113.16 and a 200-day simple moving average of C$113.56. 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 firm has a market cap of C$13.54 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Stantec’s dividend payout ratio is presently 28.03%.

Insider Activity

In related news, Director Vito Culmone purchased 3,000 shares of the firm’s stock in a transaction dated 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. Insiders own 0.27% of the company’s stock.

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.