Dye & Durham Limited (TSE:DND) Given Average Recommendation of "Buy" by Analysts

Shares of Dye & Durham Limited (TSE:DND - Get Free Report) have received a consensus rating of "Buy" from the six analysts that are covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$24.71.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Dye & Durham from C$18.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. CIBC increased their price target on shares of Dye & Durham from C$22.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Wednesday. Canaccord Genuity Group cut their price objective on shares of Dye & Durham from C$30.00 to C$27.50 and set a "buy" rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group raised their target price on Dye & Durham from C$27.00 to C$30.00 in a report on Friday, November 29th.

Dye & Durham Stock Performance

Shares of TSE DND traded down C$0.76 during midday trading on Wednesday, hitting C$19.15. 207,376 shares of the stock traded hands, compared to its average volume of 153,527. The firm has a market capitalization of C$1.28 billion, a P/E ratio of -6.54 and a beta of 2.09. Dye & Durham has a one year low of C$10.92 and a one year high of C$22.59. 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 50-day moving average of C$18.61 and a two-hundred day moving average of C$15.15.

Dye & Durham (TSE:DND - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The firm had revenue of C$119.93 million during the quarter, compared to the consensus estimate of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. On average, equities analysts forecast that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.019 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.40%. Dye & Durham's dividend payout ratio is presently -2.73%.

Dye & Durham Company Profile

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.