Dexterra Group (TSE:DXT) Hits New 12-Month High Following Analyst Upgrade

Dexterra Group Inc. (TSE:DXT) shares hit a new 52-week high during mid-day trading on Tuesday after ATB Cormark Capital Markets raised their price target on the stock from C$19.50 to C$25.00. ATB Cormark Capital Markets currently has an outperform rating on the stock. Dexterra Group traded as high as C$18.23 and last traded at C$18.09, with a volume of 24,051 shares changing hands. The stock had previously closed at C$17.58.

A number of other brokerages have also issued reports on DXT. Raymond James Financial boosted their target price 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. 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 report on Tuesday, July 21st. Scotia boosted their price target on shares of Dexterra Group from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, Canaccord Genuity Group raised their price target on Dexterra Group from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$20.20.

Dexterra Group Trading Down 1.3%

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 company has a 50 day moving average of C$14.96 and a 200 day moving average of C$13.90. The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 0.90 and a beta of 0.06.

Dexterra Group (TSE:DXT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.20 EPS for the quarter. Dexterra Group had a return on equity of 15.18% and a net margin of 4.01%. The company had revenue of C$269.21 million for the quarter. As a group, research analysts anticipate 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.