Dye & Durham (TSE:DND) Price Target Increased to C$23.00 by Analysts at BMO Capital Markets

Dye & Durham (TSE:DND) had its price target boosted by BMO Capital Markets from C$18.00 to C$23.00 in a report released on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

DND has been the topic of several other reports. Cormark lowered their price target on Dye & Durham from C$23.00 to C$17.50 in a report on Monday, July 22nd. CIBC upped their price objective on Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham presently has an average rating of “Buy” and an average price target of C$22.08.

Dye & Durham Price Performance

Shares of TSE:DND opened at C$19.32 on Wednesday. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00. The firm has a market cap of C$1.29 billion, a price-to-earnings ratio of -6.59 and a beta of 2.09. The business has a 50-day simple moving average of C$15.23 and a two-hundred day simple moving average of C$14.03. Dye & Durham has a fifty-two week low of C$7.63 and a fifty-two week high of C$19.48.

Dye & Durham (TSE:DND) last announced its quarterly earnings results on Wednesday, September 4th. The company reported C$0.12 EPS for the quarter. The firm had revenue of C$120.12 million during the quarter, compared to analyst estimates of C$119.81 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. On average, analysts expect that Dye & Durham will post 0.1121051 earnings per share for the current year.

Dye & Durham Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 12th were paid a dividend of $0.019 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 12th. Dye & Durham’s dividend payout ratio is presently -2.73%.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.