Dexterra Group (TSE:DXT) Reaches New 1-Year High - Still a Buy?

Key Points

• Dexterra Group shares reached a new 52-week high, trading at C$18.35 after rising 2.7%, giving the company a market capitalization of approximately C$1.15 billion.
• Analyst sentiment remains positive, with four Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation and an average price target of C$20.20.
• Dexterra reported quarterly EPS of C$0.20 on revenue of C$269.21 million, alongside a 15.18% return on equity and 4.01% net margin; analysts expect full-year EPS of C$0.71.

Dexterra Group Inc. (TSE:DXT - Get Free Report) shares hit a new 52-week high during trading on Friday. The company traded as high as C$18.30 and last traded at C$18.35, with a volume of 65,410 shares traded. The stock had previously closed at C$17.88.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DXT shares. Canaccord Genuity Group raised their price objective 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. Scotia upped their price target on shares of Dexterra Group from C$14.00 to C$14.50 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. ATB Cormark Capital Markets lifted their target price on Dexterra Group from C$19.50 to C$25.00 and gave the company an "outperform" rating in a research note on Tuesday, October 13th. National Bank Financial upped their price target 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, Raymond James Financial raised their target price on Dexterra Group from C$18.50 to C$20.00 and gave the company an "outperform" rating in a research note on Thursday, September 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$20.20.

Dexterra Group Trading Up 2.7%

The stock has a market cap of C$1.15 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 0.90 and a beta of 0.06. The company has a debt-to-equity ratio of 76.31, a quick ratio of 1.28 and a current ratio of 1.32. The company's 50 day simple moving average is C$15.75 and its two-hundred day simple moving average is C$13.82.

Dexterra Group (TSE:DXT - Get Free Report) last announced its quarterly 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%. Research analysts expect that Dexterra Group Inc. will post 0.71 EPS for the current fiscal year.

About Dexterra Group

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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