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

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price crossed 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 Analyst Weigh In

STN has been the subject of several recent analyst reports. Raymond James Financial upped their target price on shares of Stantec from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Scotiabank boosted their price objective on Stantec from C$160.00 to C$161.00 in a research report on Friday, October 17th. Desjardins raised their target price on Stantec from C$153.00 to C$158.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Stifel Nicolaus lifted their target price on Stantec from C$160.00 to C$175.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada boosted their price target on Stantec from C$150.00 to C$153.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$159.33.

Stantec Trading Down 1.2%

The stock has a market capitalization of C$17.34 billion, a P/E ratio of 39.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The business has a 50 day simple moving average of C$153.05 and a 200-day simple moving average of C$146.65. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

Stantec Dividend Announcement

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