Dexterra Group (TSE:DXT) Sets New 1-Year High at $8.74

Shares of Dexterra Group Inc. (TSE:DXT) hit a new 52-week high on Tuesday . The stock traded as high as C$8.74 and last traded at C$8.63, with a volume of 11539 shares. The stock had previously closed at C$8.71.

Several research analysts have weighed in on DXT shares. Raymond James raised their price objective on shares of Dexterra Group from C$9.00 to C$12.00 and gave the stock an “outperform” rating in a report on Wednesday. Scotiabank lifted their price target on shares of Dexterra Group from C$8.50 to C$9.00 in a report on Wednesday, July 14th. Finally, ATB Capital lifted their price target on shares of Dexterra Group to C$9.00 in a report on Thursday, August 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$8.54.

The stock has a market capitalization of C$577.73 million and a P/E ratio of 20.48. The company’s 50-day moving average is C$7.79 and its two-hundred day moving average is C$6.86. The company has a current ratio of 1.56, a quick ratio of 1.37 and a debt-to-equity ratio of 32.55.

Dexterra Group (TSE:DXT) last issued its quarterly earnings data on Tuesday, August 10th. The company reported C$0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.06 by C$0.07. The firm had revenue of C$173.63 million during the quarter, compared to the consensus estimate of C$173.65 million. Sell-side analysts expect that Dexterra Group Inc. will post 0.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.087 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.92%. This is an increase from Dexterra Group’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, September 28th. Dexterra Group’s payout ratio is 69.28%.

In other Dexterra Group news, Senior Officer R. Drew Knight sold 6,900 shares of the business’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of C$7.82, for a total transaction of C$53,975.25. Following the sale, the insider now directly owns 1,433 shares in the company, valued at approximately C$11,209.64.

Dexterra Group Company Profile (TSE:DXT)

Dexterra Group Inc provides a range of products and services to end markets in Canada. It operates through three segments: Modular Solutions, Facilities Management, and Workforce Accommodations, Forestry and Energy Services. The Modular Solutions segment integrates design concepts with off-site manufacturing processes to produce building solutions for social and affordable housing, commercial, residential, and industrial clients.

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