Dexterra Group (TSE:DXT) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Dexterra Group Inc. (TSE:DXT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.39 and traded as high as C$12.91. Dexterra Group shares last traded at C$12.86, with a volume of 25,063 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DXT shares. ATB Cormark Capital Markets lifted their price objective on Dexterra Group from C$12.00 to C$13.75 and gave the company a “moderate buy” rating in a research note on Thursday, March 5th. National Bank Financial lifted their price objective on Dexterra Group from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Finally, Canaccord Genuity Group raised Dexterra Group to a “strong-buy” rating in a research report on Tuesday, February 17th. One equities research 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 data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$13.92.

Dexterra Group Stock Performance

The company has a debt-to-equity ratio of 85.07, a current ratio of 1.42 and a quick ratio of 1.28. The stock has a 50 day simple moving average of C$12.42 and a two-hundred day simple moving average of C$12.39. The company has a market cap of C$802.67 million, a PE ratio of 17.62, a PEG ratio of 0.90 and a beta of 0.26.

Dexterra Group (TSE:DXT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. Dexterra Group had a return on equity of 16.00% and a net margin of 4.22%.The company had revenue of C$275.47 million during the quarter. Equities analysts predict that Dexterra Group Inc. will post 0.7094298 EPS for the current year.

Dexterra Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.10 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.40 dividend on an annualized basis and a yield of 3.1%. Dexterra Group’s payout ratio is currently 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.