Dexterra Group (TSE:DXT) Reaches New 1-Year High After Analyst Upgrade

Key Points

• Dexterra Group shares hit a new 52-week high, rising 7.2% to C$16.10 after Raymond James raised its price target from C$18.50 to C$20.00 and maintained an outperform rating.
• Analyst sentiment is broadly positive: four analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of C$19.10.
• For its latest quarter, Dexterra reported C$0.20 in EPS and C$269.21 million in revenue, with a 4.01% net margin and 15.18% return on equity.

Dexterra Group Inc. (TSE:DXT - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday after Raymond James Financial raised their price target on the stock from C$18.50 to C$20.00. Raymond James Financial currently has an outperform rating on the stock. Dexterra Group traded as high as C$16.10 and last traded at C$16.10, with a volume of 38970 shares. The stock had previously closed at C$15.24.

A number of other equities analysts also recently issued reports on the company. ATB Cormark Capital Markets upped their price target on Dexterra Group from C$14.25 to C$19.50 and gave the company an "outperform" rating in a report on Wednesday, June 24th. Canaccord Genuity Group raised their price objective on shares of Dexterra Group from C$18.00 to C$21.00 and gave the stock a "buy" rating in a report on Friday, July 24th. National Bank Financial boosted 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 report on Tuesday, July 21st. Finally, Scotia increased 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 report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$19.10.

Dexterra Group Trading Up 7.2%

The business's 50 day simple moving average is C$14.50 and its 200 day simple moving average is C$13.36. 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 capitalization of C$1.02 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 0.90 and a beta of 0.26.

Dexterra Group (TSE:DXT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. The business had revenue of C$269.21 million during the quarter. Research analysts anticipate that Dexterra Group Inc. will post 0.7094298 EPS for the current 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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