Doman Building Materials Group Ltd. (TSE:DBM) Given Average Recommendation of “Buy” by Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has been given an average rating of “Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$10.64.

DBM has been the subject of several research reports. CIBC lifted their price target on 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 lifted their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their price target on Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. TD Securities lifted their price target on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group lifted their price target on 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.

Doman Building Materials Group Stock Up 5.2 %

DBM stock opened at C$8.71 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The business has a 50 day moving average price of C$8.10 and a two-hundred day moving average price of C$7.47. The company has a market cap of C$760.30 million, a price-to-earnings ratio of 12.10 and a beta of 1.53. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month 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). Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. The business had revenue of C$689.83 million for the quarter, compared to the consensus estimate of C$742.90 million. Analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 6.43%. Doman Building Materials Group’s dividend payout ratio 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.