Dexterra Group (TSE:DXT) Stock Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Dexterra Group shares rose above their 200-day moving average of C$14.05, reaching C$17.42 before last trading at C$17.40.
• Analyst sentiment is favorable: four analysts rate the stock a Buy and one a Hold, producing a consensus rating of “Moderate Buy” and an average price target of C$20.20.
• The company reported quarterly earnings of C$0.20 per share on C$269.21 million in revenue, with 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)'s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$14.05 and traded as high as C$17.42. Dexterra Group shares last traded at C$17.40, with a volume of 33,842 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DXT shares. 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 research report on Friday, July 24th. Raymond James Financial upped their price target on Dexterra Group from C$18.50 to C$20.00 and gave the stock an "outperform" rating in a research report on Thursday, September 24th. ATB Cormark Capital Markets upped their price target on Dexterra Group from C$19.50 to C$25.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 13th. Scotia raised 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 note on Wednesday, August 5th. Finally, National Bank Financial raised 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$20.20.

Dexterra Group Stock Up 0.3%

The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 76.31. The firm's 50 day simple moving average is C$15.20 and its 200-day simple moving average is C$14.05. The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 0.90 and a beta of 0.06.

Dexterra Group (TSE:DXT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. The company 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%. Equities analysts expect that Dexterra Group Inc. will post 0.71 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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