Stantec (NYSE:STN) Share Price Passes Above 200-Day Moving Average of $47.59

Stantec Inc. (NYSE:STNGet Rating) (TSE:STN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.59 and traded as high as $50.76. Stantec shares last traded at $50.38, with a volume of 69,912 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on STN shares. TheStreet cut shares of Stantec from a “b” rating to a “c+” rating in a research note on Tuesday, October 11th. Stifel Nicolaus lifted their price target on shares of Stantec from C$72.00 to C$76.00 in a research note on Tuesday, October 18th. Royal Bank of Canada lifted their price target on shares of Stantec from C$67.00 to C$71.00 in a research note on Tuesday, November 15th. BMO Capital Markets lifted their price target on shares of Stantec from C$75.00 to C$76.00 in a research note on Monday, November 14th. Finally, StockNews.com initiated coverage on shares of Stantec in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Stantec has a consensus rating of “Buy” and a consensus target price of $76.29.

Stantec Stock Performance

The company has a market capitalization of $5.58 billion, a PE ratio of 37.60 and a beta of 0.94. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $48.86 and its 200-day simple moving average is $47.59.

Stantec (NYSE:STNGet Rating) (TSE:STN) last released its quarterly earnings data on Thursday, November 10th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $889.29 million during the quarter, compared to analysts’ expectations of $877.40 million. Stantec had a net margin of 3.54% and a return on equity of 15.57%. On average, research analysts predict that Stantec Inc. will post 2.34 earnings per share for the current year.

Stantec Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be issued a $0.132 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.53 annualized dividend and a dividend yield of 1.05%. Stantec’s dividend payout ratio is currently 40.30%.

Institutional Investors Weigh In On Stantec

Several large investors have recently modified their holdings of STN. Quadrant Capital Group LLC raised its holdings in shares of Stantec by 45.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 762 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 238 shares in the last quarter. US Bancorp DE raised its holdings in shares of Stantec by 144.4% in the 1st quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 452 shares in the last quarter. Tacita Capital Inc raised its holdings in shares of Stantec by 35.7% in the 2nd quarter. Tacita Capital Inc now owns 950 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 250 shares in the last quarter. Heritage Wealth Advisors bought a new stake in shares of Stantec in the 2nd quarter valued at about $49,000. Finally, Addison Advisors LLC raised its holdings in shares of Stantec by 134.5% in the 3rd quarter. Addison Advisors LLC now owns 1,888 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 1,083 shares in the last quarter. Institutional investors own 60.78% of the company’s stock.

Stantec Company Profile

(Get Rating)

Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

See Also

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.