Stantec (TSE:STN) Shares Cross Above Two Hundred Day Moving Average of $31.49

Stantec Inc. (TSE:STN) (NYSE:STN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.49 and traded as high as $29.35. Stantec shares last traded at $29.24, with a volume of 62,068 shares.

Several analysts have issued reports on STN shares. Canaccord Genuity downgraded Stantec from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$38.00 to C$31.00 in a report on Friday, August 9th. Royal Bank of Canada reduced their price objective on shares of Stantec from C$36.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Friday, August 9th. Desjardins raised their target price on shares of Stantec from C$39.00 to C$40.00 in a report on Monday, May 13th. Raymond James dropped their target price on shares of Stantec from C$35.00 to C$34.50 and set a “market perform” rating on the stock in a research report on Friday, August 9th. Finally, BMO Capital Markets cut their price target on shares of Stantec from C$39.00 to C$37.00 in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Stantec currently has a consensus rating of “Hold” and a consensus price target of C$34.67.

The company has a market cap of $3.25 billion and a PE ratio of 50.94. The stock has a fifty day moving average price of C$29.70 and a 200-day moving average price of C$31.49. The company has a debt-to-equity ratio of 90.81, a current ratio of 1.85 and a quick ratio of 1.78.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.50 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.09). The firm had revenue of C$953.60 million during the quarter, compared to analyst estimates of C$945.00 million. On average, equities analysts anticipate that Stantec Inc. will post 2.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, September 27th. Stantec’s dividend payout ratio is currently 98.09%.

In other Stantec news, Director Jeffrey Philip Stone sold 1,360 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$28.38, for a total transaction of C$38,592.85. Following the completion of the sale, the director now directly owns 641 shares in the company, valued at approximately C$18,189.72.

About Stantec (TSE:STN)

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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