Stantec (TSE:STN) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Stantec Stock Performance

The firm has a market capitalization 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. The company has a 50-day moving average of C$116.81 and a 200-day moving average of C$114.11. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74.

Stantec Dividend Announcement

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

Insider Activity at Stantec

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

Stantec Company Profile

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.