Dexterra Group (TSE:DXT) Hits New 12-Month High - Time to Buy?

Key Points

• Dexterra Group shares reached a new 52-week high of C$16.93 and last traded at C$16.84, up from the prior close of C$16.44.
• Analysts remain broadly positive: four rate the stock “Buy” and one “Hold,” producing a “Moderate Buy” consensus and an average price target of C$19.10.
• The company reported quarterly EPS of C$0.20 on revenue of C$269.21 million, with a 15.18% return on equity and a 4.01% net margin.

Shares of Dexterra Group Inc. (TSE:DXT - Get Free Report) reached a new 52-week high on Thursday. The company traded as high as C$16.93 and last traded at C$16.84, with a volume of 20133 shares trading hands. The stock had previously closed at C$16.44.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DXT shares. ATB Cormark Capital Markets lifted their price objective 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. Canaccord Genuity Group upped their price target on Dexterra Group from C$18.00 to C$21.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Raymond James Financial increased their price target on shares of Dexterra Group from C$18.50 to C$20.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. National Bank Financial lifted their price objective on shares of Dexterra Group from C$16.50 to C$20.50 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Finally, Scotia upped their target price on shares of Dexterra Group from C$14.00 to C$14.50 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$19.10.

Dexterra Group Stock Performance

The company has a debt-to-equity ratio of 76.31, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 0.90 and a beta of 0.26. The stock has a 50-day moving average price of C$14.56 and a 200 day moving average price of C$13.50.

Dexterra Group (TSE:DXT - Get Free Report) last posted 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 during the quarter. Dexterra Group had a return on equity of 15.18% and a net margin of 4.01%. As a group, analysts anticipate that Dexterra Group Inc. will post 0.7094298 EPS for the current fiscal 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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