Dexterra Group (TSE:DXT) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Dexterra Group Inc. (TSE:DXT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.29 and traded as high as C$13.73. Dexterra Group shares last traded at C$13.50, with a volume of 56,691 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. National Bank Financial boosted their target price on shares of Dexterra Group from C$15.50 to C$16.50 and gave the company an “outperform” rating in a report on Thursday, March 5th. ATB Cormark Capital Markets boosted their target price on shares of 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 raised shares of Dexterra Group to a “strong-buy” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$13.92.

Dexterra Group Trading Up 1.0%

The stock has a market cap of C$842.62 million, a P/E ratio of 18.49, a PEG ratio of 0.90 and a beta of 0.26. The firm’s fifty day moving average price is C$12.28 and its two-hundred day moving average price is C$12.29. The company has a debt-to-equity ratio of 85.07, a current ratio of 1.42 and a quick ratio of 1.28.

Dexterra Group (TSE:DXT) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. The firm had revenue of C$275.47 million for the quarter. Dexterra Group had a net margin of 4.22% and a return on equity of 16.00%. As a group, equities research analysts forecast that Dexterra Group Inc. will post 0.7094298 EPS for the current 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. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.40 annualized dividend and a dividend yield of 3.0%. Dexterra Group’s dividend payout ratio is presently 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.