Stantec (TSE:STN) Share Price Passes Above 200 Day Moving Average of $0.00

Stantec Inc. (TSE:STN) (NYSE:STN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $32.01. Stantec shares last traded at $31.68, with a volume of 29,402 shares traded.

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Air Products & Chemicals to $235.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Raymond James assumed coverage on shares of Tradeweb Markets in a report on Monday, June 17th. They set a “market perform” rating and a $41.82 price objective for the company. Desjardins dropped their price objective on shares of WPT Industrial Real Estate Investment from C$15.00 to C$14.75 in a report on Monday, May 13th. Finally, National Bank Financial downgraded shares of WestJet Airlines from a “reduce” rating to a “tender” rating and lifted their price objective for the stock from C$22.00 to C$31.00 in a report on Monday, May 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Stantec presently has a consensus rating of “Hold” and an average price target of C$36.78.

The firm has a market cap of $3.56 billion and a P/E ratio of 64.71. The business has a 50-day simple moving average of C$31.86. The company has a debt-to-equity ratio of 96.15, a quick ratio of 1.83 and a current ratio of 1.90.

Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Thursday, May 9th. The company reported C$0.45 EPS for the quarter, hitting analysts’ consensus estimates of C$0.45. The business had revenue of C$904.10 million during the quarter, compared to analysts’ expectations of C$892.80 million. As a group, equities research analysts predict that Stantec Inc. will post 2.4100001 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, June 27th. Stantec’s payout ratio is presently 113.78%.

In other Stantec news, Director Jeffrey Philip Stone sold 3,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$32.26, for a total value of C$96,774.00.

Stantec Company Profile (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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