Dexterra Group (TSE:DXT) Hits New 52-Week High at $6.63

Dexterra Group Inc. (TSE:DXT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$6.63 and last traded at C$6.62, with a volume of 61110 shares changing hands. The stock had previously closed at C$6.51.

Wall Street Analysts Forecast Growth

DXT has been the topic of several analyst reports. Raymond James boosted their price objective on shares of Dexterra Group from C$8.00 to C$8.50 in a research note on Thursday, August 8th. Scotiabank lowered their target price on Dexterra Group from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Friday, May 17th. Finally, TD Securities upped 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$7.75.

Dexterra Group Trading Up 1.7 %

The company has a debt-to-equity ratio of 55.43, a current ratio of 1.52 and a quick ratio of 1.28. The stock has a market capitalization of C$423.68 million, a PE ratio of 14.15, a PEG ratio of 0.90 and a beta of 1.00. The stock’s 50 day simple moving average is C$5.85 and its two-hundred day simple moving average is C$5.71.

Dexterra Group (TSE:DXT) last issued its earnings results on Tuesday, August 6th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.08. The business had revenue of C$253.62 million for the quarter, compared to analysts’ expectations of C$238.37 million. Dexterra Group had a net margin of 1.61% and a return on equity of 10.48%. On average, sell-side analysts expect that Dexterra Group Inc. will post 0.5954416 EPS for the current year.

Dexterra Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.087 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.26%. Dexterra Group’s dividend payout ratio (DPR) is presently 76.09%.

Dexterra Group Company Profile

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.