Dexterra Group (TSE:DXT) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Dexterra Group shares crossed above their 200-day moving average, reaching C$14.93 and closing at C$14.90 versus the C$13.30 average.
• Analyst sentiment is broadly positive: three analysts rate the stock a Buy and one a Hold, resulting in a “Moderate Buy” consensus and an average target price of C$18.88.
• Dexterra reported quarterly EPS of C$0.20 on revenue of C$269.21 million, with a 4.01% net margin and 15.18% return on equity.

Dexterra Group Inc. (TSE:DXT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.30 and traded as high as C$14.93. Dexterra Group shares last traded at C$14.90, with a volume of 34,246 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DXT shares. ATB Cormark Capital Markets upped their target price on shares of Dexterra Group from C$14.25 to C$19.50 and gave the stock an "outperform" rating in a report on Wednesday, June 24th. Canaccord Genuity Group lifted 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 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 research report on Wednesday, August 5th. Finally, National Bank Financial upped their target price on 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$18.88.

Dexterra Group Trading Up 2.5%

The firm has a market capitalization of C$930.89 million, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 0.90 and a beta of 0.26. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 76.31. The firm's 50-day simple moving average is C$14.47 and its 200-day simple moving average is C$13.30.

Dexterra Group (TSE:DXT - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of C$269.21 million for the quarter. Analysts anticipate that Dexterra Group Inc. will post 0.7094298 EPS for the current 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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