Doman Building Materials Group (TSE:DBM) PT Raised to C$11.50

Doman Building Materials Group (TSE:DBM) had its price objective lifted by equities research analysts at Raymond James from C$9.75 to C$11.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective would suggest a potential upside of 35.14% from the company’s current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada dropped their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. National Bankshares cut their price objective on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Stifel Nicolaus lifted their target price on shares of Doman Building Materials Group from C$9.00 to C$9.25 and gave the company a “buy” rating in a research note on Wednesday. Finally, CIBC boosted their target price on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Doman Building Materials Group has an average rating of “Buy” and an average target price of C$9.71.

Doman Building Materials Group Stock Performance

Shares of TSE:DBM traded up C$0.67 during midday trading on Wednesday, reaching C$8.51. 1,065,280 shares of the company traded hands, compared to its average volume of 190,708. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$8.64. The firm has a market capitalization of C$742.84 million, a price-to-earnings ratio of 11.82 and a beta of 1.52. The firm’s fifty day moving average price is C$7.14 and its two-hundred day moving average price is C$7.37.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The company had revenue of C$689.83 million for the quarter, compared to analysts’ expectations of C$742.90 million. On average, equities analysts expect that Doman Building Materials Group will post 0.7751004 earnings per share for the current year.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.