Dexterra Group (TSE:DXT) Sets New 1-Year High - Here's What Happened

Key Points

• Dexterra Group shares reached a new 52-week high of C$18.23 and were last trading at C$18.09, up 3.3% from the previous close, giving the company a market capitalization of about C$1.13 billion.
• Analyst sentiment is positive, with four Buy ratings and one Hold rating. The stock has a “Moderate Buy” consensus rating and an average price target of C$19.10, with targets ranging as high as C$21.00.
• Dexterra reported quarterly revenue of C$269.21 million and earnings of C$0.20 per share, along with a 15.18% return on equity and a 4.01% net margin; analysts expect full-year EPS of C$0.71.

Dexterra Group Inc. (TSE:DXT - Get Free Report) hit a new 52-week high during trading on Tuesday. The company traded as high as C$18.23 and last traded at C$18.09, with a volume of 24,051 shares changing hands. The stock had previously closed at C$17.58.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Scotia boosted their target price on Dexterra Group from C$14.00 to C$14.50 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Raymond James Financial increased their price target on Dexterra Group from C$18.50 to C$20.00 and gave the company an "outperform" rating in a report on Thursday, September 24th. ATB Cormark Capital Markets increased 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 lifted their price target on shares of Dexterra Group from C$18.00 to C$21.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Finally, 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 note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Dexterra Group presently has an average rating of "Moderate Buy" and a consensus price target of C$19.10.

Dexterra Group Trading Up 3.3%

The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 0.90 and a beta of 0.06. The company has a 50-day moving average price of C$14.86 and a 200-day moving average price of C$13.81. The company has a quick ratio of 1.28, a current ratio of 1.32 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 earnings per share for the quarter. Dexterra Group had a return on equity of 15.18% and a net margin of 4.01%. The business had revenue of C$269.21 million during the quarter. Research analysts predict that Dexterra Group Inc. will post 0.71 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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