Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.29 Average PT from Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$10.29.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. National Bankshares boosted their price target on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Canaccord Genuity Group upped their price objective 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. Stifel Nicolaus upped their price objective 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, October 2nd. Finally, Raymond James upped their price objective 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.

Doman Building Materials Group Stock Up 1.8 %

TSE DBM opened at C$9.11 on Friday. 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’s 50 day simple moving average is C$7.43 and its 200 day simple moving average is C$7.41. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$9.15. The company has a market capitalization of C$795.21 million, a P/E ratio of 12.65 and a beta of 1.53.

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 (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. Equities research analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.15%. The ex-dividend date is Friday, September 27th. Doman Building Materials Group’s dividend payout ratio is 77.78%.

About Doman Building Materials Group

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.