Dexterra Group (TSE:DXT) Stock Crosses Above 200-Day Moving Average – What’s Next?

Dexterra Group Inc. (TSE:DXT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.46 and traded as high as C$13.49. Dexterra Group shares last traded at C$13.11, with a volume of 10,811 shares traded.

Analyst Ratings Changes

DXT has been the topic of a number of research reports. 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 note on Thursday, March 5th. Finally, Canaccord Genuity Group raised shares of Dexterra Group to a “strong-buy” rating in a research note on Tuesday, February 17th. One 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$13.92.

Dexterra Group Stock Up 0.4%

The firm has a market cap of C$818.23 million, a PE ratio of 17.96, a P/E/G ratio of 0.90 and a beta of 0.41. The firm’s 50 day moving average is C$12.53 and its 200-day moving average is C$12.46. The company has a quick ratio of 1.28, a current ratio of 1.42 and a debt-to-equity ratio of 85.07.

Dexterra Group (TSE:DXT) last posted its earnings results on Wednesday, May 6th. The company reported C$0.19 EPS for the quarter. The business 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%. As a group, equities research analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

Dexterra Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Dexterra Group’s payout ratio 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.