Dexterra Group (TSE:DXT) Hits New 1-Year High – Still a Buy?

Dexterra Group Inc. (TSE:DXT)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$13.96 and last traded at C$13.91, with a volume of 111545 shares trading hands. The stock had previously closed at C$12.92.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. ATB Cormark Capital Markets raised their price target on Dexterra Group from C$12.00 to C$13.75 and gave the stock a “moderate buy” rating in a report on Thursday, March 5th. National Bank Financial increased their target price on Dexterra Group from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Dexterra Group presently has a consensus rating of “Buy” and an average price target of C$13.92.

Dexterra Group Price Performance

The company has a debt-to-equity ratio of 85.07, a quick ratio of 1.28 and a current ratio of 1.42. The stock has a market capitalization of C$863.80 million, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. The business’s 50 day simple moving average is C$12.69 and its 200-day simple moving average is C$12.52.

Dexterra Group (TSE:DXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.19 EPS for the quarter. The company had revenue of C$275.47 million for the quarter. Dexterra Group had a net margin of 4.22% and a return on equity of 16.00%. Research analysts anticipate that Dexterra Group Inc. will post 0.7094298 earnings per share for the current year.

Dexterra Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, March 31st. Dexterra Group’s dividend payout ratio (DPR) is currently 53.08%.

Dexterra Group Company Profile

Dexterra Group is a publicly listed corporation delivering a range of support services for the creation, management, and operation of infrastructure across Canada. Powered by people, we bring best-in-class regional expertise to every challenge and deliver innovative solutions, giving clients confidence in their day-to-day operations. Our activities include a comprehensive range of facilities management services, industry-leading workforce accommodation solutions, innovative modular building capabilities and other support services for diverse clients in the public and private sectors.