TD Securities Raises Doman Building Materials Group (TSE:DBM) Price Target to C$12.00

Doman Building Materials Group (TSE:DBM) had its price target hoisted by TD Securities from C$11.50 to C$12.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Several other analysts have also weighed in on DBM. Canaccord Genuity Group raised their price objective on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus raised their price target on Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Raymond James boosted their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 2nd. CIBC raised their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada cut their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. 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 data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$10.64.

Doman Building Materials Group Price Performance

Doman Building Materials Group stock opened at C$8.50 on Tuesday. The business has a 50 day simple moving average of C$7.79 and a 200 day simple moving average of C$7.44. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The company has a market capitalization of C$741.97 million, a PE ratio of 11.81 and a beta of 1.53. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.15.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The firm had revenue of C$689.83 million during the quarter, compared to analyst estimates of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. On average, sell-side analysts forecast that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.59%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 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.