Dexterra Group (TSE:DXT) Reaches New 12-Month High – What’s Next?

Dexterra Group Inc. (TSE:DXT)’s stock price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as C$19.77 and last traded at C$19.40, with a volume of 64,675 shares traded. The stock had previously closed at C$19.75.

Analyst Ratings Changes

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

Dexterra Group Trading Down 0.7%

The business has a fifty day moving average of C$16.21 and a 200-day moving average of C$13.95. The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 0.90 and a beta of 0.06. The company has a debt-to-equity ratio of 76.31, a current ratio of 1.32 and a quick ratio of 1.28.

Dexterra Group (TSE:DXT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$0.28 earnings per share for the quarter. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. The company had revenue of C$291.23 million during the quarter. On average, equities analysts anticipate that Dexterra Group Inc. will post 0.71 earnings per share 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.