Stantec (TSE:STN) Shares Cross Below 200-Day Moving Average – Should You Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$124.97 and traded as low as C$102.16. Stantec shares last traded at C$102.59, with a volume of 799,147 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Scotiabank decreased their target price on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. TD Securities decreased their target price on shares of Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. Desjardins decreased their target price on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Stifel Nicolaus cut their price target on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating and cut their price target for the company from C$157.00 to C$130.00 in a report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$150.54.

Stantec Stock Down 3.3%

The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. The company has a market capitalization of C$11.36 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.46 and a beta of 0.76. The stock’s fifty day simple moving average is C$114.64 and its two-hundred day simple moving average is C$124.51.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. The firm had revenue of C$2.07 billion for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.

About Stantec

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.