Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.29 Consensus Target Price from Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has been given an average recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$10.42.

Several research firms recently commented on DBM. Stifel Nicolaus boosted 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 research report on Thursday. CIBC lifted 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 report on Wednesday, October 2nd. Raymond James lifted 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 report on Wednesday, October 2nd. National Bankshares lifted their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Finally, Royal Bank of Canada dropped their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th.

Doman Building Materials Group Stock Performance

Doman Building Materials Group stock opened at C$8.95 on Friday. The stock’s 50 day moving average price is C$7.60 and its 200 day moving average price is C$7.42. The firm has a market capitalization of C$781.25 million, a PE ratio of 12.43 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. 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 released its quarterly 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 company had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. As a group, sell-side analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.26%. Doman Building Materials Group’s dividend payout ratio (DPR) 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.