Dexterra Group (TSE:DXT) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Dexterra Group Inc. (TSE:DXT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.39 and traded as high as C$12.91. Dexterra Group shares last traded at C$12.86, with a volume of 25,063 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DXT shares. Canaccord Genuity Group raised Dexterra Group to a “strong-buy” rating in a report on Tuesday, February 17th. National Bank Financial lifted their target price on Dexterra Group from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Finally, ATB Cormark Capital Markets boosted their price objective on Dexterra Group from C$12.00 to C$13.75 and gave the stock a “moderate buy” rating in a research note on Thursday, March 5th. One research 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, the company has an average rating of “Buy” and a consensus price target of C$13.92.

Dexterra Group Stock Down 0.2%

The company has a 50-day simple moving average of C$12.43 and a 200-day simple moving average of C$12.39. The firm has a market cap of C$800.76 million, a PE ratio of 17.58, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. The company has a debt-to-equity ratio of 85.07, a current ratio of 1.42 and a quick ratio of 1.28.

Dexterra Group (TSE:DXT) last announced its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share (EPS) for the quarter. Dexterra Group had a return on equity of 16.00% and a net margin of 4.22%.The business had revenue of C$275.47 million during the quarter. Analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

Dexterra Group Dividend Announcement

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