Raymond James Financial Increases Dexterra Group (TSE:DXT) Price Target to C$20.00

Key Points

• Raymond James raised Dexterra Group’s price target to C$20.00 from C$18.50 while maintaining an “outperform” rating, implying 22.85% upside from the reported share price.
• Analyst sentiment is broadly positive: Dexterra has a consensus “Moderate Buy” rating and an average price target of C$19.10, with four Buy ratings and one Hold rating.
• Dexterra shares rose to C$16.28, near their 12-month high of C$16.54. In its latest quarter, the company reported C$0.20 in EPS and C$269.21 million in revenue.

Dexterra Group (TSE:DXT - Get Free Report) had its price target hoisted by analysts at Raymond James Financial from C$18.50 to C$20.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's price objective would suggest a potential upside of 22.85% from the company's current price.

Several other equities analysts have also recently weighed in on DXT. Canaccord Genuity Group lifted their price target on 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. ATB Cormark Capital Markets raised their target price on Dexterra Group from C$14.25 to C$19.50 and gave the stock an "outperform" rating in a research note on Wednesday, June 24th. Scotia lifted their target price 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, National Bank Financial upped their price target on Dexterra Group from C$16.50 to C$20.50 and gave the company an "outperform" rating in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$19.10.

Dexterra Group Stock Performance

DXT traded up C$1.04 on Thursday, hitting C$16.28. The company's stock had a trading volume of 67,001 shares, compared to its average volume of 42,352. Dexterra Group has a 12 month low of C$9.01 and a 12 month high of C$16.54. The firm has a market cap of C$1.02 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 0.90 and a beta of 0.26. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 76.31. The company's 50 day simple moving average is C$14.50 and its 200-day simple moving average is C$13.36.

Dexterra Group (TSE:DXT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business 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%. Analysts forecast that Dexterra Group will post 0.7094298 EPS for the current 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.

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