Brokerages Set Doman Building Materials Group Ltd. (TSE:DBM) Target Price at C$10.64

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has been assigned a consensus rating of "Buy" from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$10.64.

A number of analysts have recently weighed in on the company. Royal Bank of Canada lowered their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. TD Securities upped their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Raymond James lifted their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group upped their price target 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 note on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th.

Doman Building Materials Group Stock Up 0.6 %

Shares of TSE DBM traded up C$0.05 during mid-day trading on Tuesday, reaching C$8.39. 175,080 shares of the company were exchanged, compared to its average volume of 194,633. The firm has a 50-day moving average of C$7.99 and a 200 day moving average of C$7.45. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.15. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The stock has a market cap of C$732.36 million, a price-to-earnings ratio of 11.58 and a beta of 1.53.

Doman Building Materials Group (TSE:DBM - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.22 by C($0.02). Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. The firm had revenue of C$689.83 million during the quarter, compared to analysts' expectations of C$742.90 million. On average, research analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.67%. The ex-dividend date 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.