Dexterra Group (TSE:DXT) PT Raised to C$8.50 at Raymond James

Dexterra Group (TSE:DXT) had its target price increased by Raymond James from C$8.00 to C$8.50 in a research report released on Thursday, BayStreet.CA reports. Raymond James also issued estimates for Dexterra Group’s Q3 2024 earnings at $0.22 EPS, Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.13 EPS and FY2025 earnings at $0.65 EPS.

Other equities analysts have also issued reports about the company. Scotiabank decreased their price objective on Dexterra Group from C$7.00 to C$6.50 and set a sector perform rating for the company in a report on Friday, May 17th. TD Securities increased their price target on Dexterra Group from C$5.50 to C$6.00 and gave the stock a hold rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dexterra Group has an average rating of Moderate Buy and a consensus price target of C$7.75.

Dexterra Group Stock Performance

Shares of DXT traded down C$0.06 during midday trading on Thursday, hitting C$5.86. 21,039 shares of the stock traded hands, compared to its average volume of 36,016. The business’s 50 day moving average price is C$5.49 and its two-hundred day moving average price is C$5.67. The firm has a market capitalization of C$375.92 million, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.00. The company has a debt-to-equity ratio of 52.20, a quick ratio of 1.28 and a current ratio of 1.39. Dexterra Group has a 1-year low of C$5.13 and a 1-year high of C$6.35.

Dexterra Group (TSE:DXT) last posted its earnings results on Tuesday, May 14th. The company reported C$0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.07. Dexterra Group had a net margin of 1.62% and a return on equity of 9.42%. The firm had revenue of C$231.64 million during the quarter, compared to analyst estimates of C$279.35 million. Equities research analysts predict that Dexterra Group will post 0.51349 EPS for the current fiscal year.

Dexterra Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.087 per share. The ex-dividend date is Monday, September 30th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.94%. Dexterra Group’s dividend payout ratio is presently 85.37%.

Insiders Place Their Bets

In other news, Senior Officer Robert Johnston purchased 9,200 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was purchased at an average cost of C$5.45 per share, with a total value of C$50,140.00. In other Dexterra Group news, Senior Officer Robert Johnston purchased 9,200 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was bought at an average cost of C$5.45 per share, with a total value of C$50,140.00. Also, Senior Officer Mark Alan Becker acquired 20,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of C$5.48 per share, for a total transaction of C$109,500.00. Insiders bought 37,737 shares of company stock worth $205,740 over the last ninety days. Company insiders own 51.53% 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.