Dexterra Group (TSE:DXT) Stock Crosses Above 200-Day Moving Average – Here’s Why

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$5.93 and traded as high as C$6.37. Dexterra Group shares last traded at C$6.31, with a volume of 9,632 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on DXT. TD Securities raised their target price on shares of Dexterra Group from C$5.50 to C$6.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Raymond James increased their price objective on Dexterra Group from C$8.00 to C$8.50 in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$7.75.

Dexterra Group Stock Performance

The company has a current ratio of 1.52, a quick ratio of 1.28 and a debt-to-equity ratio of 55.43. The company has a market capitalization of C$404.48 million, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The stock’s fifty day simple moving average is C$6.54 and its 200-day simple moving average is C$5.93.

Dexterra Group (TSE:DXT) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.08. The firm had revenue of C$253.62 million for the quarter, compared to the consensus estimate of C$238.37 million. Dexterra Group had a return on equity of 10.48% and a net margin of 1.61%. Analysts predict that Dexterra Group Inc. will post 0.7094298 EPS for the current year.

Dexterra Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.087 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend was Monday, September 30th. Dexterra Group’s dividend payout ratio (DPR) is 76.09%.

About Dexterra Group

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.