Raymond James Issues Positive Forecast for Dexterra Group (TSE:DXT) Stock Price

Dexterra Group (TSE:DXT) had its target price hoisted by Raymond James from C$8.50 to C$11.00 in a report released on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Dexterra Group Price Performance

Shares of TSE DXT opened at C$8.17 on Thursday. The business’s 50 day moving average price is C$7.66 and its 200 day moving average price is C$6.78. The firm has a market cap of C$522.88 million, a P/E ratio of 17.76, a P/E/G ratio of 0.90 and a beta of 1.02. Dexterra Group has a 52 week low of C$5.13 and a 52 week high of C$8.34. The company has a quick ratio of 1.28, a current ratio of 1.52 and a debt-to-equity ratio of 55.43.

Dexterra Group (TSE:DXT) last issued its earnings results on Tuesday, November 5th. The company reported C$0.21 EPS for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. Dexterra Group had a return on equity of 10.48% and a net margin of 1.61%. During the same period last year, the company earned $0.21 EPS. On average, sell-side analysts expect that Dexterra Group will post 0.7094298 earnings per share for the current year.

Dexterra Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.087 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.35 annualized dividend and a yield of 4.26%. Dexterra Group’s dividend payout ratio is presently 76.09%.

Insiders Place Their Bets

In related news, Senior Officer Mark Alan Becker acquired 7,704 shares of the stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of C$6.49 per share, for a total transaction of C$49,998.96. Also, Director Mary Garden acquired 3,700 shares of the stock in a transaction on Tuesday, January 7th. The stock was bought at an average price of C$7.83 per share, for a total transaction of C$28,971.00. In the last 90 days, insiders have purchased 12,404 shares of company stock worth $85,300. Corporate insiders own 51.55% of the company’s stock.

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.