Dexterra Group (TSE:DXT) Sets New 52-Week High – Still a Buy?

Dexterra Group Inc. (TSE:DXT)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$20.33 and last traded at C$20.25, with a volume of 4,552 shares trading hands. The stock had previously closed at C$20.14.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DXT. Scotia raised their price objective on shares of Dexterra Group from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. ATB Cormark Capital Markets upped their target price on shares of Dexterra Group from C$19.50 to C$25.00 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. National Bank Financial increased their price target on Dexterra Group from C$16.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Canaccord Genuity Group increased their price target on Dexterra Group from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Raymond James Financial raised their price target on Dexterra Group from C$18.50 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$20.20.

Dexterra Group Stock Up 0.9%

The firm has a market cap of C$1.27 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 0.90 and a beta of -0.05. The company’s 50-day simple moving average is C$16.70 and its 200 day simple moving average is C$14.08. The company has a debt-to-equity ratio of 69.42, a current ratio of 1.19 and a quick ratio of 1.28.

Dexterra Group (TSE:DXT) last issued its quarterly earnings data on Wednesday, November 4th. The company reported C$0.28 earnings per share (EPS) for the quarter. The business had revenue of C$291.23 million for the quarter. Dexterra Group had a return on equity of 15.37% and a net margin of 4.10%. Research analysts anticipate that Dexterra Group Inc. will post 0.71 EPS for the current fiscal year.

About Dexterra Group

Dexterra employs more than 9,000 people, delivering a range of support services for the creation, management, and operation of infrastructure across Canada and the U.S. Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of integrated facilities management services, industry-leading workforce accommodation solutions, and other support services for diverse clients in the public and private sectors.