Dexterra Group (TSE:DXT) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Dexterra Group's share price crossed above its 200-day moving average (C$11.96), trading as high as C$12.16 and last at C$12.03, signaling a short-term technical breakout.
• Several analysts raised ratings and targets this month — ATB Cormark to C$13.75 (moderate buy), Canaccord to strong-buy, and National Bank to C$16.50 (outperform) — leaving a consensus Buy rating and a C$13.92 price target.
• Recent fundamentals: Q EPS of C$0.12 on C$270.95M revenue, market cap ~C$750.8M and P/E ~18.5; the company pays a quarterly dividend of C$0.10 (annualized yield 3.3%, payout ratio ~57.7%).

Dexterra Group Inc. (TSE:DXT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.96 and traded as high as C$12.16. Dexterra Group shares last traded at C$12.03, with a volume of 24,381 shares.

Wall Street Analysts Forecast Growth

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

Dexterra Group Trading Up 2.6%

The company has a fifty day simple moving average of C$12.18 and a two-hundred day simple moving average of C$11.96. 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 stock has a market capitalization of C$750.83 million, a P/E ratio of 18.51, 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 earnings results on Tuesday, March 3rd. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$270.95 million for the quarter. Dexterra Group had a return on equity of 14.45% and a net margin of 3.89%. On average, sell-side analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current year.

Dexterra Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.40 annualized dividend and a yield of 3.3%. Dexterra Group's payout ratio is currently 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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