Dexterra Group (TSE:DXT) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Dexterra Group (TSE:DXT) crossed above its 200-day moving average (C$11.45), trading as high as C$11.94 and last at C$11.84 on a volume of 40,528 shares.
• Several analysts upgraded the stock — National Bank Financial raised its target to C$16.50 (outperform), Canaccord labeled it a strong-buy, and ATB Cormark lifted its target to C$13.75 — leaving a consensus rating of Buy with a consensus target of C$13.92.
• Key fundamentals: market cap C$738.97M, P/E 18.22; most recent quarter EPS was C$0.12 on C$270.95M revenue, and sell-side analysts forecast ~C$0.71 EPS for the current fiscal year.

Dexterra Group Inc. (TSE:DXT - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.45 and traded as high as C$11.94. Dexterra Group shares last traded at C$11.84, with a volume of 40,528 shares.

Analyst Ratings Changes

Several research analysts have weighed in on DXT shares. National Bank Financial upped their target price on Dexterra Group from C$15.50 to C$16.50 and gave the stock an "outperform" rating in a research report on Thursday, March 5th. Canaccord Genuity Group raised Dexterra Group to a "strong-buy" rating in a report on Tuesday, February 17th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Dexterra Group from C$12.00 to C$13.75 and gave the company a "moderate buy" rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dexterra Group has a consensus rating of "Buy" and a consensus target price of C$13.92.

Dexterra Group Stock Down 0.5%

The company has a market capitalization of C$738.97 million, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.90 and a beta of 0.17. The firm's 50 day moving average price is C$12.83 and its two-hundred day moving average price is C$11.45. The company has a current ratio of 1.23, a quick ratio of 1.28 and a debt-to-equity ratio of 78.68.

Dexterra Group (TSE:DXT - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.12 earnings per share for the quarter. Dexterra Group had a net margin of 3.89% and a return on equity of 14.45%. The firm had revenue of C$270.95 million for the quarter. Sell-side analysts anticipate that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

About Dexterra Group

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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