Dexterra Group (TSE:DXT) Reaches New 12-Month High - Still a Buy?

Key Points

• Dexterra Group reached a new 52-week high, trading as high as C$18.17 before closing around C$17.80, with a market capitalization of approximately C$1.11 billion.
• Analyst sentiment remains positive: four analysts rate the stock a Buy and one a Hold, producing a consensus “Moderate Buy” rating and an average price target of C$19.10.
• The company reported quarterly revenue of C$269.21 million and EPS of C$0.20, alongside a 4.01% net margin and 15.18% return on equity.

Dexterra Group Inc. (TSE:DXT - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$18.17 and last traded at C$17.80, with a volume of 107650 shares trading hands. The stock had previously closed at C$17.96.

Analyst Upgrades and Downgrades

DXT has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Dexterra Group from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. ATB Cormark Capital Markets upped their target price on Dexterra Group from C$14.25 to C$19.50 and gave the company an "outperform" rating in a research report on Wednesday, June 24th. Raymond James Financial raised their price target on Dexterra Group from C$18.50 to C$20.00 and gave the stock an "outperform" rating in a research note on Thursday, September 24th. National Bank Financial lifted their price target on 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 boosted their price objective on 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Dexterra Group currently has a consensus rating of "Moderate Buy" and a consensus target price of C$19.10.

Dexterra Group Stock Performance

The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 0.90 and a beta of 0.06. The stock's 50 day moving average is C$14.69 and its two-hundred day moving average is C$13.65. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 76.31.

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