Stifel Nicolaus Raises Doman Building Materials Group (TSE:DBM) Price Target to C$10.00

Doman Building Materials Group (TSE:DBM) had its price objective hoisted by Stifel Nicolaus from C$9.25 to C$10.00 in a report published on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on DBM. CIBC boosted their price target 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, October 2nd. Raymond James boosted their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada dropped their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. National Bankshares boosted their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Finally, Canaccord Genuity Group boosted their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$10.42.

Doman Building Materials Group Stock Down 1.8 %

Doman Building Materials Group stock opened at C$8.79 on Thursday. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.15. The stock has a market cap of C$767.28 million, a PE ratio of 12.21 and a beta of 1.53. The firm’s 50-day simple moving average is C$7.64 and its 200 day simple moving average is C$7.43. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78.

Doman Building Materials Group (TSE:DBM) last released its quarterly 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 return on equity of 10.63% and a net margin of 2.56%. The firm had revenue of C$689.83 million for the quarter, compared to analysts’ expectations of C$742.90 million. Research analysts predict that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 77.78%.

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.