Dexterra Group (TSE:DXT) Stock Price Target Raised at ATB Cormark Capital Markets

Dexterra Group (TSE:DXT) had its price target upped by analysts at ATB Cormark Capital Markets from C$19.50 to C$25.00 in a report released on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 36.24% from the stock’s previous close.

A number of other analysts have also recently commented on DXT. Canaccord Genuity Group upped their price objective on shares of Dexterra Group from C$18.00 to C$21.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Scotia boosted their target price on Dexterra Group from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Raymond James Financial raised their price target on Dexterra Group from C$18.50 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Finally, National Bank Financial lifted 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$20.20.

Dexterra Group Trading Up 4.4%

DXT traded up C$0.77 during midday trading on Tuesday, reaching C$18.35. 80,663 shares of the company were exchanged, compared to its average volume of 44,719. The stock has a market capitalization of C$1.15 billion, a P/E ratio of 26.59, a PEG ratio of 0.90 and a beta of 0.06. The stock’s 50-day simple moving average is C$14.86 and its 200 day simple moving average is C$13.81. The company has a debt-to-equity ratio of 76.31, a quick ratio of 1.28 and a current ratio of 1.32. Dexterra Group has a one year low of C$9.78 and a one year high of C$18.50.

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. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. The business had revenue of C$269.21 million for the quarter. As a group, analysts forecast that Dexterra Group will post 0.71 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.