TD Securities Raises Dexterra Group (TSE:DXT) Price Target to C$6.00

Dexterra Group (TSE:DXT) had its price objective lifted by TD Securities from C$5.50 to C$6.00 in a report issued on Wednesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Separately, Scotiabank dropped their price target on Dexterra Group from C$7.00 to C$6.50 and set a sector perform rating for the company in a research note on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$7.75.

Dexterra Group Stock Performance

Dexterra Group stock traded down C$0.06 during midday trading on Wednesday, hitting C$5.86. The stock had a trading volume of 21,039 shares, compared to its average volume of 36,016. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 52.20. Dexterra Group has a 52-week low of C$5.13 and a 52-week high of C$6.35. The company has a market capitalization of C$375.92 million, a PE ratio of 14.29, a P/E/G ratio of 0.90 and a beta of 1.00. The firm’s fifty day moving average is C$5.49 and its two-hundred day moving average is C$5.67.

Dexterra Group (TSE:DXT) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.07 EPS for the quarter, meeting analysts’ consensus estimates of C$0.07. Dexterra Group had a return on equity of 9.42% and a net margin of 1.62%. The business had revenue of C$231.64 million for the quarter, compared to analysts’ expectations of C$279.35 million. On average, research analysts forecast that Dexterra Group will post 0.51349 EPS for the current year.

Dexterra Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.087 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Monday, September 30th. Dexterra Group’s payout ratio is 85.37%.

Insider Activity

In related news, Senior Officer Mark Alan Becker purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of C$5.48 per share, for a total transaction of C$109,500.00. In other news, Senior Officer Mark Alan Becker bought 20,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of C$5.48 per share, for a total transaction of C$109,500.00. Also, Senior Officer Robert Johnston acquired 9,200 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average cost of C$5.45 per share, with a total value of C$50,140.00. In the last ninety days, insiders bought 37,737 shares of company stock worth $205,740. 51.53% of the stock is currently owned by insiders.

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.