Stantec (TSE:STN) Stock Passes Below 200-Day Moving Average – Here’s Why

Stantec Inc. (TSE:STN) (NYSE:STN) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$124.97 and traded as low as C$102.16. Stantec shares last traded at C$102.59, with a volume of 799,147 shares trading hands.

Wall Street Analyst Weigh In

STN has been the topic of several recent research reports. TD Securities lowered their price objective on shares of Stantec from C$183.00 to C$158.00 in a research note on Tuesday, February 24th. Scotia lowered their price objective on shares of Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 15th. BMO Capital Markets lowered their price objective on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Raymond James Financial lowered their price objective on shares of Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus lowered their price objective on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, Stantec has an average rating of “Buy” and an average price target of C$150.54.

Stantec Stock Performance

The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. The business’s fifty day simple moving average is C$115.31 and its 200-day simple moving average is C$124.97. The firm has a market capitalization of C$11.70 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The business had revenue of C$2.07 billion during the quarter.

Stantec Company Profile

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.