Stifel Nicolaus Raises Doman Building Materials Group (TSE:DBM) Price Target to C$9.25

by · The Cerbat Gem

Doman Building Materials Group (TSE:DBM – Free Report) had its target price boosted by Stifel Nicolaus from C$9.00 to C$9.25 in a report published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on DBM. Royal Bank of Canada decreased their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. National Bankshares decreased their target price on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an outperform rating on the stock in a report on Tuesday, August 13th. Finally, CIBC boosted their target price on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an outperform rating in a report on Wednesday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Doman Building Materials Group has a consensus rating of Buy and an average target price of C$9.71.

View Our Latest Report on DBM

Doman Building Materials Group Stock Performance

DBM opened at C$8.76 on Wednesday. The firm has a market capitalization of C$764.66 million, a PE ratio of 12.17 and a beta of 1.52. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$8.88. The firm’s 50-day moving average price is C$7.24 and its 200 day moving average price is C$7.39. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33.

Doman Building Materials Group (TSE:DBM – Get Free Report) last posted 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). The business 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 0.7751004 EPS for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Friday, September 27th. Doman Building Materials Group’s dividend payout ratio (DPR) is 77.78%.

About Doman Building Materials Group

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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.

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