ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Dexterra Group (TSE:DXT) Stock

Dexterra Group (TSE:DXT) had its price target raised by equities researchers at ATB Cormark Capital Markets from C$14.25 to C$19.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 39.39% from the stock’s current price.

Separately, National Bank Financial increased their price objective on shares of Dexterra Group from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$15.83.

Dexterra Group Stock Performance

DXT traded up C$1.07 during mid-day trading on Wednesday, reaching C$13.99. 124,584 shares of the company traded hands, compared to its average volume of 39,015. The stock has a market capitalization of C$873.16 million, a P/E ratio of 19.16, a P/E/G ratio of 0.90 and a beta of 0.41. The company has a quick ratio of 1.28, a current ratio of 1.42 and a debt-to-equity ratio of 85.07. The company’s fifty day moving average price is C$12.69 and its 200-day moving average price is C$12.52. Dexterra Group has a 52-week low of C$8.93 and a 52-week high of C$13.99.

Dexterra Group (TSE:DXT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 EPS 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. On average, sell-side analysts expect that Dexterra Group will post 0.7094298 EPS for the current year.

Dexterra Group Company Profile

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.