Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.64 Average PT from Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research 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$10.64.

Several analysts have recently commented on DBM shares. Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group lifted their target price on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. National Bankshares upped their price target on 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. CIBC raised their price objective on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, TD Securities upped their target price on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd.

Doman Building Materials Group Trading Down 0.7 %

Shares of DBM stock opened at C$8.28 on Tuesday. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$9.15. The company’s 50-day moving average price is C$8.07 and its 200-day moving average price is C$7.46. The stock has a market cap of C$722.76 million, a price-to-earnings ratio of 11.50 and a beta of 1.53.

Doman Building Materials Group (TSE:DBM) last posted its 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 net margin of 2.56% and a return on equity of 10.63%. The firm had revenue of C$689.83 million during the quarter, compared to analyst estimates of C$742.90 million. As a group, equities analysts predict that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend was Friday, September 27th. Doman Building Materials Group’s payout ratio is 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.