Dexterra Group (TSE:DXT) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Shares crossed above the 200-day moving average: Dexterra's stock moved above its 200-day MA of C$11.89, trading as high as C$11.96 and last at C$11.82 on a volume of 9,458 shares.
• Analysts raised targets and ratings: Multiple brokers upgraded forecasts (National Bank to C$16.50, ATB Cormark to C$13.75, Canaccord to "strong-buy"), leaving an average target of C$13.92 and an overall "Buy" consensus.
• Solid yield and valuation metrics: Market cap C$737.7M, PE 18.18, recent quarterly EPS C$0.12 on C$270.95M revenue, and a quarterly dividend of C$0.10 (annualized yield 3.4%, DPR 57.69%).

Shares of Dexterra Group Inc. (TSE:DXT - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.89 and traded as high as C$11.96. Dexterra Group shares last traded at C$11.82, with a volume of 9,458 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. National Bank Financial raised their target price on shares of Dexterra Group from C$15.50 to C$16.50 and gave the company an "outperform" rating in a report on Thursday, March 5th. ATB Cormark Capital Markets lifted their price objective on shares of 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. Finally, Canaccord Genuity Group raised shares of Dexterra Group to a "strong-buy" rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of C$13.92.

Dexterra Group Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.23 and a debt-to-equity ratio of 78.68. The firm's 50 day simple moving average is C$12.31 and its 200 day simple moving average is C$11.89. The company has a market capitalization of C$737.72 million, a PE ratio of 18.18, a price-to-earnings-growth ratio of 0.90 and a beta of 0.28.

Dexterra Group (TSE:DXT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.12 EPS for the quarter. The company had revenue of C$270.95 million during the quarter. Dexterra Group had a net margin of 3.89% and a return on equity of 14.45%. As a group, research analysts anticipate that Dexterra Group Inc. will post 0.7094298 EPS for the current fiscal year.

Dexterra Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, March 31st. Dexterra Group's dividend payout ratio (DPR) is 57.69%.

Dexterra Group Company Profile

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.

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