Dexterra Group (TSE:DXT) Sets New 1-Year High Following Analyst Upgrade

Shares of Dexterra Group Inc. (TSE:DXT) reached a new 52-week high during trading on Tuesday after ATB Cormark Capital Markets raised their price target on the stock from C$19.50 to C$25.00. ATB Cormark Capital Markets currently has an outperform rating on the stock. Dexterra Group traded as high as C$18.23 and last traded at C$18.09, with a volume of 24,051 shares trading hands. The stock had previously closed at C$17.58.

DXT has been the subject of a number of other reports. National Bank Financial boosted 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 upped their price target on shares of Dexterra Group from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Canaccord Genuity Group increased their price target on 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. Finally, Raymond James Financial increased their price target on Dexterra Group from C$18.50 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dexterra Group has an average rating of “Moderate Buy” and an average target price of C$20.20.

Dexterra Group Stock Down 1.3%

The business’s 50 day moving average is C$14.96 and its 200-day moving average is C$13.90. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 0.90 and a beta of 0.06. The company has a debt-to-equity ratio of 76.31, a quick ratio of 1.28 and a current ratio of 1.32.

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

Dexterra Group Company Profile

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.