Dexterra Group (TSE:DXT) Hits New 12-Month High – Here’s Why

Dexterra Group Inc. (TSE:DXT)’s stock price reached a new 52-week high during trading on Thursday . The company 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.

Wall Street Analysts Forecast Growth

DXT has been the subject of several recent analyst reports. ATB Cormark Capital Markets raised 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. Canaccord Genuity Group upgraded Dexterra Group to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, National Bank Financial raised their price target on Dexterra Group from C$15.50 to C$16.50 and gave the company an “outperform” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$13.92.

Dexterra Group Stock Up 0.8%

The stock has a market cap 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. The company has a debt-to-equity ratio of 85.07, a quick ratio of 1.28 and a current ratio of 1.42. The firm’s 50-day simple moving average is C$12.28 and its two-hundred day simple moving average is C$12.29.

Dexterra Group (TSE:DXT) last announced its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share (EPS) for the quarter. Dexterra Group had a net margin of 4.22% and a return on equity of 16.00%. The company had revenue of C$275.47 million for the quarter. On average, sell-side analysts expect that Dexterra Group Inc. will post 0.7094298 EPS for the current fiscal year.

Dexterra Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, March 31st. Dexterra Group’s dividend payout ratio (DPR) is presently 53.08%.

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.