Doman Building Materials Group (TSE:DBM) Price Target Raised to C$9.00

Doman Building Materials Group (TSE:DBM) had its price target boosted by CIBC from C$8.50 to C$9.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada decreased their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. National Bankshares decreased their price objective on Doman Building Materials Group from C$10.50 to C$8.50 and set an outperform rating on the stock in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of C$9.71.

Doman Building Materials Group Price Performance

TSE:DBM opened at C$8.76 on Wednesday. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The company has a market capitalization of C$764.66 million, a P/E ratio of 12.17 and a beta of 1.52. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$8.88. The business’s 50-day moving average is C$7.24 and its 200 day moving average is C$7.39.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The firm had revenue of C$689.83 million during the quarter, compared to analysts’ expectations of C$742.90 million. Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. On average, equities research analysts forecast that Doman Building Materials Group will post 0.7751004 earnings per share for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a $0.14 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.56 annualized dividend and a dividend yield of 6.39%. 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.