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

Key Points

• Dexterra's share price crossed above its 200-day moving average (200‑day MA C$11.69), trading as high as C$11.92 and last at C$11.62 on Tuesday.
• Analysts have upgraded the stock, leaving a consensus "Buy" rating and an average target price of C$13.92 after boosts from Canaccord, National Bank Financial and ATB Cormark.
• Dexterra announced a quarterly dividend of C$0.10 (C$0.40 annualized), representing a ~3.4% yield; the ex‑dividend date is March 31 and payment is April 15.

Dexterra Group Inc. (TSE:DXT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.69 and traded as high as C$11.92. Dexterra Group shares last traded at C$11.62, with a volume of 31,179 shares.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Canaccord Genuity Group raised Dexterra Group to a "strong-buy" rating in a research report on Tuesday, February 17th. National Bank Financial boosted their price target 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. Finally, 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 report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$13.92.

Dexterra Group Stock Down 2.0%

The company has a debt-to-equity ratio of 78.68, a quick ratio of 1.28 and a current ratio of 1.23. The firm has a fifty day simple moving average of C$12.56 and a 200-day simple moving average of C$11.69. The company has a market capitalization of C$725.24 million, a PE ratio of 17.88, a P/E/G 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 earnings per share (EPS) for the quarter. Dexterra Group had a return on equity of 14.45% and a net margin of 3.89%.The company had revenue of C$270.95 million for the quarter. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.40 annualized dividend and a yield of 3.4%. Dexterra Group's payout ratio is currently 57.69%.

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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