Dexterra Group (TSE:DXT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Dexterra Group Inc. (TSE:DXT) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$14.05 and traded as high as C$17.42. Dexterra Group shares last traded at C$17.40, with a volume of 33,842 shares traded.

Wall Street Analyst Weigh In

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

Dexterra Group Price Performance

The company has a debt-to-equity ratio of 76.31, a current ratio of 1.32 and a quick ratio of 1.28. The company’s 50-day moving average price is C$15.35 and its 200-day moving average price is C$14.13. The company has a market cap of C$1.10 billion, a P/E ratio of 25.49, a P/E/G ratio of 0.90 and a beta of 0.06.

Dexterra Group (TSE:DXT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.20 EPS for the quarter. The business had revenue of C$269.21 million for the quarter. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. As a group, sell-side analysts predict that Dexterra Group Inc. will post 0.71 earnings per share for the current fiscal year.

Dexterra Group Company Profile

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.