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

Dexterra Group Inc. (TSE:DXT)’s share price hit a new 52-week high during mid-day trading on Friday. The stock traded as high as C$18.30 and last traded at C$18.35, with a volume of 65,410 shares. The stock had previously closed at C$17.88.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DXT. National Bank Financial increased their price objective on shares of Dexterra Group from C$16.50 to C$20.50 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Raymond James Financial raised their price target on shares of Dexterra Group from C$18.50 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. Canaccord Genuity Group raised their target price on shares of Dexterra Group from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Scotia lifted their price objective on shares of Dexterra Group from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Dexterra Group from C$19.50 to C$25.00 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.20.

Dexterra Group Trading Up 2.7%

The business’s 50 day simple moving average is C$15.75 and its 200 day simple moving average is C$13.82. The stock has a market cap of C$1.15 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 0.90 and a beta of 0.06. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 76.31.

Dexterra Group (TSE:DXT) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$0.20 earnings per share (EPS) for the quarter. Dexterra Group had a return on equity of 15.18% and a net margin of 4.01%. The firm had revenue of C$269.21 million for the quarter. On average, research analysts expect that Dexterra Group Inc. will post 0.71 EPS for the current fiscal year.

About Dexterra Group

Dexterra employs more than 9,000 people, delivering a range of support services for the creation, management, and operation of infrastructure across Canada and the U.S. Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of integrated facilities management services, industry-leading workforce accommodation solutions, and other support services for diverse clients in the public and private sectors.