Stantec (TSE:STN) Shares Pass Below 200-Day Moving Average – What’s Next?

Stantec Inc. (TSE:STN) (NYSE:STN) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$114.11 and traded as low as C$113.67. Stantec shares last traded at C$113.86, with a volume of 404,447 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. CIBC upped their price target on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. BMO Capital Markets raised their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Canaccord Genuity Group increased their price objective on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Scotiabank raised Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$129.50.

Stantec Stock Performance

The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The stock’s 50-day simple moving average is C$116.81 and its two-hundred day simple moving average is C$114.11. The stock has a market cap of C$12.99 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is currently 27.63%.

Insiders Place Their Bets

In related news, Director Vito Culmone purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. Company insiders own 0.27% of the company’s stock.

About Stantec

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.