Stantec (TSE:STN) Share Price Breaks Above 200 Day Moving Average – Should You Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$110.09 and traded as high as C$111.07. Stantec shares last traded at C$110.15, with a volume of 655,035 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on STN shares. Royal Bank Of Canada dropped their price target on Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. Scotiabank dropped their target price on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a research report on Friday, July 10th. Desjardins set a C$169.00 target price on shares of Stantec and gave the company a “buy” rating in a research note on Friday, August 14th. National Bank Financial reduced their price target on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, ATB Cormark Capital Markets boosted their price target on shares of Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Ten equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$143.00.

Stantec Price Performance

The company has a market cap of C$11.98 billion, a P/E ratio of 23.71, a PEG ratio of 1.46 and a beta of 0.79. The firm’s 50-day moving average is C$99.16 and its two-hundred day moving average is C$109.77. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The business had revenue of C$2.23 billion during the quarter.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were issued a $0.2450 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.9%. Stantec’s dividend payout ratio (DPR) is presently 21.22%.

Insider Activity

In related news, Director Shelley Ann Marie Brown acquired 393 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average cost of C$95.91 per share, for a total transaction of C$37,692.63. Following the completion of the transaction, the director directly owned 6,277 shares in the company, valued at approximately C$602,027.07. This trade represents a 6.68% increase in their position. Also, Director Susan Reisbord acquired 2,068 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were bought at an average price of C$102.59 per share, for a total transaction of C$212,156.12. Following the completion of the transaction, the director owned 8,253 shares of the company’s stock, valued at approximately C$846,675.27. This trade represents a 33.44% increase in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.