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

Dexterra Group Inc. (TSE:DXT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.93 and traded as high as C$6.37. Dexterra Group shares last traded at C$6.31, with a volume of 9,632 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Securities raised their price target on Dexterra Group from C$5.50 to C$6.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Raymond James raised their target price on Dexterra Group from C$8.00 to C$8.50 in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$7.75.

Dexterra Group Trading Down 1.1 %

The firm has a 50-day moving average of C$6.54 and a 200 day moving average of C$5.93. The company has a current ratio of 1.52, a quick ratio of 1.28 and a debt-to-equity ratio of 55.43. The stock has a market capitalization of C$403.84 million, a price-to-earnings ratio of 13.72, a PEG ratio of 0.90 and a beta of 1.02.

Dexterra Group (TSE:DXT) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.08. Dexterra Group had a return on equity of 10.48% and a net margin of 1.61%. The company had revenue of C$253.62 million during the quarter, compared to analysts’ expectations of C$238.37 million. As a group, equities analysts predict that Dexterra Group Inc. will post 0.7094298 EPS for the current fiscal year.

Dexterra Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.087 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.52%. Dexterra Group’s dividend payout ratio (DPR) is 76.09%.

About Dexterra Group

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.