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

Shares of Dexterra Group Inc. (TSE:DXT) hit a new 52-week high during mid-day 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. The stock had previously closed at C$17.58.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DXT shares. Raymond James Financial raised their price target on shares of 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. Canaccord Genuity Group increased their target price on shares of 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 lifted 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. ATB Cormark Capital Markets boosted their price target on Dexterra Group from C$14.25 to C$19.50 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Finally, National Bank Financial upped their price target on Dexterra Group from C$16.50 to C$20.50 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, 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 cap of C$1.13 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 0.90 and a beta of 0.06. The company has a debt-to-equity ratio of 76.31, a quick ratio of 1.28 and a current ratio of 1.32. The business’s 50 day moving average price is C$14.86 and its 200-day moving average price is C$13.81.

Dexterra Group (TSE:DXT) last issued its earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$269.21 million for the quarter. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. On average, research analysts forecast that Dexterra Group Inc. will post 0.71 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.