Stantec (NYSE:STN) Share Price Passes Above 50 Day Moving Average of $24.14

Stantec Inc. (NYSE:STN) (TSE:STN)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.14 and traded as high as $23.86. Stantec shares last traded at $23.75, with a volume of 716 shares traded.

STN has been the subject of a number of research analyst reports. Raymond James initiated coverage on shares of Tradeweb Markets in a research note on Monday, June 17th. They issued a “market perform” rating and a $41.82 price target for the company. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, July 16th. CIBC reiterated a “hold” rating on shares of Stantec in a research note on Thursday, June 13th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Stantec in a research note on Thursday, June 13th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.67.

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.90 and a current ratio of 1.90. The business’s 50 day simple moving average is $24.14. The firm has a market cap of $2.66 billion, a PE ratio of 17.16 and a beta of 1.15.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, May 9th. The business services provider reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Stantec had a net margin of 1.12% and a return on equity of 10.03%. The firm had revenue of $680.04 million during the quarter, compared to analyst estimates of $675.48 million. As a group, analysts anticipate that Stantec Inc. will post 1.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.108 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.43 annualized dividend and a yield of 1.80%. Stantec’s payout ratio is 30.71%.

Several institutional investors have recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Stantec by 8.8% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,927,000 shares of the business services provider’s stock worth $234,660,000 after acquiring an additional 800,000 shares during the last quarter. Norges Bank bought a new position in shares of Stantec during the fourth quarter worth about $33,961,000. FIL Ltd grew its position in shares of Stantec by 18.6% during the first quarter. FIL Ltd now owns 1,398,036 shares of the business services provider’s stock worth $33,038,000 after acquiring an additional 218,997 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Stantec by 9.6% during the first quarter. TD Asset Management Inc. now owns 1,186,919 shares of the business services provider’s stock worth $28,058,000 after acquiring an additional 103,520 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of Stantec during the first quarter worth about $21,245,000. Institutional investors and hedge funds own 66.00% of the company’s stock.

Stantec Company Profile (NYSE: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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