Dexterra Group (TSE:DXT) Stock Price 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$13.06 and traded as high as C$15.78. Dexterra Group shares last traded at C$15.58, with a volume of 72,362 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DXT. 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. ATB Cormark Capital Markets upped their price target on Dexterra Group from C$14.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Finally, National Bank Financial increased their price objective on Dexterra Group from C$16.50 to C$20.50 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$18.12.

Dexterra Group Price Performance

The firm has a market cap of C$972.44 million, a PE ratio of 21.34, a price-to-earnings-growth ratio of 0.90 and a beta of 0.39. The company has a quick ratio of 1.28, a current ratio of 1.42 and a debt-to-equity ratio of 85.07. The stock has a 50 day moving average price of C$14.02 and a two-hundred day moving average price of C$13.06.

Dexterra Group (TSE:DXT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 earnings per share (EPS) for the quarter. The firm 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 analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current 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.