Dexterra Group (TSE:DXT) Cut to “Outperform” at Raymond James

Dexterra Group (TSE:DXTGet Rating) was downgraded by analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research note issued on Thursday, BayStreet.CA reports. They currently have a C$10.00 target price on the stock, down from their previous target price of C$12.00. Raymond James’ price objective would indicate a potential upside of 61.29% from the company’s current price. Raymond James also issued estimates for Dexterra Group’s Q2 2022 earnings at $0.08 EPS, Q1 2023 earnings at $0.15 EPS, Q2 2023 earnings at $0.13 EPS and Q3 2023 earnings at $0.16 EPS.

Several other equities research analysts have also recently issued reports on DXT. BMO Capital Markets lifted their target price on Dexterra Group from C$9.80 to C$10.75 in a report on Monday, March 14th. TD Securities reduced their target price on Dexterra Group from C$11.50 to C$9.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank reduced their target price on Dexterra Group from C$11.00 to C$10.00 in a report on Thursday. Finally, National Bankshares reduced their target price on Dexterra Group from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday.

TSE:DXT opened at C$6.20 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.52 and a debt-to-equity ratio of 29.70. The business’s 50-day simple moving average is C$7.51 and its two-hundred day simple moving average is C$8.11. The stock has a market cap of C$403.94 million and a PE ratio of 16.76. Dexterra Group has a 52 week low of C$5.88 and a 52 week high of C$9.46.

Dexterra Group (TSE:DXTGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.02). The firm had revenue of C$201.59 million during the quarter, compared to analysts’ expectations of C$187.70 million. Sell-side analysts anticipate that Dexterra Group will post 0.6399999 earnings per share for the current fiscal year.

About Dexterra Group (Get Rating)

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

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