Dexterra Group (TSE:DXT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Dexterra Group Inc. (TSE:DXT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.39 and traded as high as C$12.91. Dexterra Group shares last traded at C$12.86, with a volume of 25,063 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DXT shares. National Bank Financial boosted their target price 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. ATB Cormark Capital Markets boosted their target price on Dexterra Group from C$12.00 to C$13.75 and gave the company a “moderate buy” rating in a report on Thursday, March 5th. Finally, Canaccord Genuity Group raised Dexterra Group to a “strong-buy” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$13.92.

Dexterra Group Stock Performance

The stock has a fifty day moving average price of C$12.42 and a 200-day moving average price of C$12.39. The firm has a market cap of C$802.67 million, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 0.90 and a beta of 0.26. The company has a quick ratio of 1.28, a current ratio of 1.42 and a debt-to-equity ratio of 85.07.

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

Dexterra Group Announces Dividend

The firm 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. The ex-dividend date was Tuesday, March 31st. This represents a $0.40 annualized dividend and a yield of 3.1%. Dexterra Group’s dividend payout ratio is presently 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.