Dexterra Group (TSE:DXT) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Dexterra Group Inc. (TSE:DXT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.96 and traded as high as C$12.16. Dexterra Group shares last traded at C$12.03, with a volume of 24,381 shares.

Analyst Ratings Changes

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

Dexterra Group Trading Up 2.6%

The company has a market capitalization of C$750.83 million, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 0.90 and a beta of 0.28. The business has a fifty day moving average price of C$12.18 and a 200 day moving average price of C$11.96. The company has a quick ratio of 1.28, a current ratio of 1.23 and a debt-to-equity ratio of 78.68.

Dexterra Group (TSE:DXT) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.12 EPS for the quarter. The company had revenue of C$270.95 million for the quarter. Dexterra Group had a return on equity of 14.45% and a net margin of 3.89%. On average, analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

Dexterra Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, March 31st. Dexterra Group’s payout ratio is 57.69%.

Dexterra Group Company Profile

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.