Dexterra Group (TSE:DXT) Hits New 12-Month High – Time to Buy?

Shares of Dexterra Group Inc. (TSE:DXT) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as C$16.93 and last traded at C$16.84, with a volume of 20133 shares. The stock had previously closed at C$16.44.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DXT. Scotia upped their price objective on Dexterra Group from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. ATB Cormark Capital Markets boosted their target price on Dexterra Group from C$14.25 to C$19.50 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. National Bank Financial upped their price target on Dexterra Group from C$16.50 to C$20.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Raymond James Financial lifted their price objective 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. Finally, Canaccord Genuity Group boosted their price objective 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$19.10.

Dexterra Group Stock Up 3.2%

The company has a debt-to-equity ratio of 76.31, a current ratio of 1.32 and a quick ratio of 1.28. The firm has a 50-day moving average of C$14.56 and a 200 day moving average of C$13.50. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 0.90 and a beta of 0.26.

Dexterra Group (TSE:DXT) last released 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 for the quarter. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. As a group, sell-side analysts forecast that Dexterra Group Inc. will post 0.7094298 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.