Stantec (TSE:STN) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$104.75 and traded as low as C$94.98. Stantec shares last traded at C$95.55, with a volume of 386,513 shares trading hands.

Analyst Ratings Changes

STN has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce decreased their price objective on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. National Bank Financial dropped their target price on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada reduced their price target on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. ATB Cormark Capital Markets boosted their price target on Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Scotiabank decreased their price target on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$143.00.

Stantec Price Performance

The company has a market cap of C$11.17 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. The company has a fifty day simple moving average of C$99.44 and a two-hundred day simple moving average of C$104.61. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%. The business had revenue of C$2.23 billion during the quarter.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were issued a dividend of $0.2450 per share. This represents a $0.98 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, September 29th. Stantec’s dividend payout ratio (DPR) is 21.22%.

Insider Transactions at Stantec

In other Stantec news, Director Shelley Ann Marie Brown purchased 393 shares of Stantec stock in a transaction on Thursday, October 1st. The shares were bought at an average price of C$95.91 per share, with a total value of C$37,692.63. Following the completion of the acquisition, the director directly owned 6,277 shares of the company’s stock, valued at approximately C$602,027.07. This trade represents a 6.68% increase in their ownership of the stock. Also, Director Susan Reisbord purchased 2,068 shares of Stantec stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of C$102.59 per share, for a total transaction of C$212,156.12. Following the acquisition, the director directly owned 8,253 shares of the company’s stock, valued at approximately C$846,675.27. This represents a 33.44% increase in their ownership of the stock. Insiders own 0.27% of the company’s stock.

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.