Doman Building Materials Group Ltd. (TSE:DBM) Receives Average Recommendation of “Buy” from Analysts

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$10.42.

A number of research analysts have recently weighed in on DBM shares. Canaccord Genuity Group raised their price target 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. 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 research 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 research report on Monday, October 7th. Stifel Nicolaus lifted their price objective 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. Finally, CIBC raised 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 note on Wednesday, October 2nd.

Doman Building Materials Group Trading Down 1.1 %

Shares of DBM stock opened at C$8.95 on Friday. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.15. The stock has a market cap of C$781.25 million, a P/E ratio of 12.43 and a beta of 1.53. The business has a fifty day simple moving average of C$7.60 and a 200-day simple moving average of C$7.42. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of C$742.90 million. On average, analysts forecast that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date was Friday, September 27th. Doman Building Materials Group’s 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.