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

Key Points

• ATB Cormark raised Dexterra Group’s price target to C$25.00 from C$19.50 and maintained an “outperform” rating, implying 36.24% upside from the previous close.
• Analyst sentiment is broadly positive: four analysts rate the stock “Buy” and one rates it “Hold,” resulting in a “Moderate Buy” consensus and an average price target of C$20.20.
• Dexterra shares rose to C$18.35, near their 52-week high of C$18.50. The company reported quarterly revenue of C$269.21 million and earnings of C$0.20 per share, while analysts expect full-year EPS of C$0.71.

Dexterra Group (TSE:DXT - Get Free Report) had its target price raised by investment analysts at ATB Cormark Capital Markets from C$19.50 to C$25.00 in a note issued to investors on Tuesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price objective suggests a potential upside of 36.24% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group boosted their target price on 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. National Bank Financial raised their price target 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. Scotia raised their price target on Dexterra Group from C$14.00 to C$14.50 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Finally, Raymond James Financial lifted their price objective 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$20.20.

Dexterra Group Price Performance

Shares of DXT traded up C$0.77 during mid-day trading on Tuesday, hitting C$18.35. 80,663 shares of the company traded hands, compared to its average volume of 44,719. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 76.31. The stock has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 0.90 and a beta of 0.06. The business has a 50-day moving average of C$14.86 and a 200 day moving average of C$13.81. Dexterra Group has a one year low of C$9.78 and a one year high of C$18.50.

Dexterra Group (TSE:DXT - Get Free Report) last posted 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 firm had revenue of C$269.21 million during the quarter. As a group, equities analysts expect that Dexterra Group will post 0.71 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.