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

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price crossed 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on STN shares. Canadian Imperial Bank of Commerce cut their price objective on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada dropped their price target on shares of 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. ATB Cormark Capital Markets raised their price target on shares of Stantec from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Scotiabank cut their price target on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. Finally, Desjardins set a C$169.00 price objective on shares of Stantec and gave the stock a “buy” rating in a research note on Friday, August 14th. Ten investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$143.00.

Stantec Trading Up 1.2%

The company has a market cap of C$12.56 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.46 and a beta of 0.79. The firm has a 50 day moving average price of C$99.10 and a two-hundred day moving average price of C$110.09. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98.

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

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were given a dividend of $0.2450 per share. This represents a $0.98 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 29th. Stantec’s dividend payout ratio is currently 21.22%.

Insider Buying and Selling

In other news, Director Shelley Ann Marie Brown purchased 393 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were purchased at an average price of C$95.91 per share, for a total transaction of C$37,692.63. Following the transaction, the director owned 6,277 shares of the company’s stock, valued at approximately C$602,027.07. This trade represents a 6.68% increase in their ownership of the stock. Also, Director Susan Reisbord bought 2,068 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of C$102.59 per share, for a total transaction of C$212,156.12. Following the acquisition, the director owned 8,253 shares of the company’s stock, valued at C$846,675.27. This trade represents a 33.44% increase in their ownership of the stock. Corporate 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.