Stantec (TSE:STN) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$138.42 and traded as low as C$119.42. Stantec shares last traded at C$122.41, with a volume of 327,429 shares trading hands.

Analyst Ratings Changes

STN has been the topic of several analyst reports. Scotiabank dropped their target price on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. National Bank Financial raised their price target on Stantec from C$161.00 to C$163.00 and gave the company an “outperform” rating in a report on Friday, February 27th. TD Securities lowered their price target on Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. Desjardins upped their price target on shares of Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Stifel Nicolaus dropped their price target on shares of Stantec from C$172.00 to C$154.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Stantec has an average rating of “Moderate Buy” and an average price target of C$161.90.

Stantec Price Performance

The company has a debt-to-equity ratio of 96.66, a current ratio of 1.23 and a quick ratio of 1.46. The business’s 50 day moving average price is C$128.52 and its 200 day moving average price is C$138.42. The stock has a market capitalization of C$13.96 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 1.46 and a beta of 0.71.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, February 25th. The company reported C$0.82 earnings per share for the quarter. Stantec had a net margin of 6.47% and a return on equity of 15.28%. The company had revenue of C$2.12 billion for the quarter.

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.