Dexterra Group (TSE:DXT) Shares Pass Above 200 Day Moving Average – Here’s Why

Dexterra Group Inc. (TSE:DXT) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.59 and traded as high as C$12.19. Dexterra Group shares last traded at C$11.99, with a volume of 54,453 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group raised Dexterra Group to a “strong-buy” rating in a research report on Tuesday, February 17th. National Bank Financial boosted 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. Finally, ATB Cormark Capital Markets upped their price objective on shares of Dexterra Group from C$12.00 to C$13.75 and gave the stock a “moderate buy” rating in a report 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 given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$13.92.

Dexterra Group Stock Down 2.1%

The company has a debt-to-equity ratio of 78.68, a current ratio of 1.23 and a quick ratio of 1.28. The firm has a market capitalization of C$741.47 million, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 0.90 and a beta of 0.17. The business has a 50 day moving average price of C$12.66 and a 200 day moving average price of C$11.61.

Dexterra Group (TSE:DXT) last announced its earnings results on Tuesday, March 3rd. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$270.95 million for the quarter. Dexterra Group had a net margin of 3.89% and a return on equity of 14.45%. On average, analysts predict that Dexterra Group Inc. will post 0.7094298 earnings per share for the current year.

Dexterra Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, March 31st. Dexterra Group’s dividend payout ratio is currently 57.69%.

About Dexterra Group

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.