Dexterra Group (TSE:DXT) Hits New 52-Week High – Here’s What Happened

Dexterra Group Inc. (TSE:DXT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$13.61 and last traded at C$13.68, with a volume of 13825 shares trading hands. The stock had previously closed at C$13.50.

Wall Street Analyst Weigh In

Several analysts have weighed in on DXT shares. Canaccord Genuity Group raised Dexterra Group to a “strong-buy” rating in a research report on Tuesday, February 17th. National Bank Financial upped their price target on Dexterra Group from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Finally, ATB Cormark Capital Markets increased their price objective on Dexterra Group from C$12.00 to C$13.75 and gave the stock a “moderate buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$13.92.

Dexterra Group Trading Down 2.7%

The firm has a market cap of C$820.77 million, a PE ratio of 18.01, a PEG ratio of 0.90 and a beta of 0.26. The company has a quick ratio of 1.28, a current ratio of 1.42 and a debt-to-equity ratio of 85.07. The stock’s fifty day simple moving average is C$12.33 and its two-hundred day simple moving average is C$12.32.

Dexterra Group (TSE:DXT) last announced its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. Dexterra Group had a net margin of 4.22% and a return on equity of 16.00%. The business had revenue of C$275.47 million during the quarter. On average, sell-side analysts forecast that Dexterra Group Inc. will post 0.7094298 EPS for the current fiscal year.

Dexterra Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Dexterra Group’s dividend payout ratio (DPR) is 53.08%.

About Dexterra Group

Dexterra Group is a publicly listed corporation delivering a range of support services for the creation, management, and operation of infrastructure across Canada. Powered by people, we bring best-in-class regional expertise to every challenge and deliver innovative solutions, giving clients confidence in their day-to-day operations. Our activities include a comprehensive range of facilities management services, industry-leading workforce accommodation solutions, innovative modular building capabilities and other support services for diverse clients in the public and private sectors.