Dexterra Group (TSE:DXT) Hits New 12-Month High Following Analyst Upgrade

Dexterra Group Inc. (TSE:DXT) shares reached a new 52-week high on Wednesday after ATB Cormark Capital Markets raised their price target on the stock from C$14.25 to C$19.50. ATB Cormark Capital Markets currently has an outperform rating on the stock. Dexterra Group traded as high as C$13.96 and last traded at C$13.91, with a volume of 111545 shares traded. The stock had previously closed at C$12.92.

Separately, National Bank Financial increased their price objective 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. One investment 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$15.83.

Dexterra Group Price Performance

The company has a market capitalization of C$870.04 million, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. The business’s 50-day moving average is C$12.76 and its two-hundred day moving average is C$12.55. 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 issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$275.47 million during the quarter. Dexterra Group had a net margin of 4.22% and a return on equity of 16.00%. As a group, analysts predict that Dexterra Group Inc. will post 0.7094298 earnings per share for the current year.

Dexterra Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. Dexterra Group’s dividend payout ratio is currently 53.08%.

About Dexterra Group

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.