TD Securities Boosts Doman Building Materials Group (TSE:DBM) Price Target to C$12.00

Doman Building Materials Group (TSE:DBM - Free Report) had its price target hoisted by TD Securities from C$11.50 to C$12.00 in a research report released on Tuesday morning, BayStreet.CA reports.

A number of other research analysts also recently commented on DBM. Canaccord Genuity Group lifted 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 report on Wednesday, October 2nd. CIBC boosted their price target 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. Royal Bank of Canada cut their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. Stifel Nicolaus boosted their target price on Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, National Bankshares upped 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 research note on Monday, October 7th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$10.64.

Doman Building Materials Group Price Performance

DBM traded down C$0.09 during midday trading on Tuesday, hitting C$8.55. The company had a trading volume of 207,875 shares, compared to its average volume of 197,539. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The firm's 50-day simple moving average is C$7.68 and its 200-day simple moving average is C$7.43. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$9.15. The company has a market capitalization of C$746.33 million, a PE ratio of 11.92 and a beta of 1.53.

Doman Building Materials Group (TSE:DBM - Get Free Report) last posted its quarterly earnings data 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). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The company had revenue of C$689.83 million during the quarter, compared to the consensus estimate of C$742.90 million. Equities research analysts predict that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 6.55%. 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.