Stantec (TSE:STN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$112.97 and traded as high as C$117.67. Stantec shares last traded at C$117.62, with a volume of 243,422 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STN. Stifel Nicolaus increased their price target on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Scotiabank raised Stantec to a “strong-buy” rating in a report on Friday, October 25th. Canaccord Genuity Group increased their target price on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Finally, Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$126.36.

Stantec Trading Down 0.1 %

The firm has a market cap of C$13.70 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 1.46 and a beta of 0.82. The company has a 50-day moving average price of C$112.46 and a 200 day moving average price of C$113.07. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.70%. Stantec’s dividend payout ratio is 27.63%.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.