Dexterra Group (TSE:DXT) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Dexterra Group Inc. (TSE:DXT) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.46 and traded as high as C$13.49. Dexterra Group shares last traded at C$13.11, with a volume of 10,811 shares traded.

Analysts Set New Price Targets

DXT has been the subject of a number of analyst reports. Canaccord Genuity Group raised shares of Dexterra Group to a “strong-buy” rating in a report on Tuesday, February 17th. National Bank Financial lifted their target price on shares of Dexterra Group from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Finally, ATB Cormark Capital Markets lifted their target price on shares of Dexterra Group from C$12.00 to C$13.75 and gave the stock a “moderate buy” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$13.92.

Dexterra Group Trading Up 0.4%

The business’s 50-day moving average price is C$12.53 and its two-hundred day moving average price is C$12.46. The company has a market capitalization of C$818.23 million, a P/E ratio of 17.96, a PEG ratio of 0.90 and a beta of 0.41. 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. The company 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, analysts forecast that Dexterra Group Inc. will post 0.7094298 EPS 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 given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Dexterra Group’s dividend payout ratio (DPR) 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.