Dexterra Group (TSE:DXT) Reaches New 1-Year High – Still a Buy?

Dexterra Group Inc. (TSE:DXT) reached a new 52-week high during trading on Thursday . The stock traded as high as C$13.61 and last traded at C$13.68, with a volume of 13825 shares trading hands. The stock had previously closed at C$13.50.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DXT shares. ATB Cormark Capital Markets lifted their target price 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. Canaccord Genuity Group raised Dexterra Group to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, National Bank Financial lifted their target price 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. One equities research 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$13.92.

Dexterra Group Trading Up 0.8%

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 business has a 50 day moving average of C$12.28 and a 200 day moving average of C$12.29. The firm has a market capitalization of C$849.48 million, a price-to-earnings ratio of 18.64, a PEG ratio of 0.90 and a beta of 0.26.

Dexterra Group (TSE:DXT) last announced 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 business had revenue of C$275.47 million during the quarter. As a group, research analysts predict that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

Dexterra Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.9%. Dexterra Group’s payout ratio is 53.08%.

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.