Dexterra Group (TSE:DXT) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Dexterra Group shares moved above their 200-day moving average, reaching C$13.52 and closing at C$13.48, up 1.4% during the session.
• Analysts have raised their price targets, with targets ranging from C$14.50 to C$21.00. The stock carries a consensus “Moderate Buy” rating and an average target of C$17.40.
• Dexterra reported quarterly revenue of C$269.21 million and EPS of C$0.20, with a 4.01% net margin and 15.18% return on equity.

Shares of Dexterra Group Inc. (TSE:DXT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.20 and traded as high as C$13.52. Dexterra Group shares last traded at C$13.48, with a volume of 20,885 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on DXT. ATB Cormark Capital Markets upped their price objective on Dexterra Group from C$14.25 to C$19.50 and gave the stock an "outperform" rating in a research report on Wednesday, June 24th. Canaccord Genuity Group lifted their target price on Dexterra Group from C$18.00 to C$21.00 and gave the company a "buy" rating in a report on Friday, July 24th. National Bank Financial boosted 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. Finally, 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 note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Dexterra Group currently has a consensus rating of "Moderate Buy" and an average price target of C$17.40.

Dexterra Group Trading Up 1.4%

The company's fifty day moving average is C$14.36 and its two-hundred day moving average is C$13.20. The stock has a market cap of C$842.18 million, a price-to-earnings ratio of 19.54, a PEG ratio of 0.90 and a beta of 0.41. 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 issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share (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 during the quarter. On average, research analysts predict that Dexterra Group Inc. will post 0.7094298 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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