Doman Building Materials Group (TSE:DBM) Price Target Increased to C$10.00 by Analysts at Stifel Nicolaus

Doman Building Materials Group (TSE:DBM) had its price target hoisted by Stifel Nicolaus from C$9.25 to C$10.00 in a research report sent to investors on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently weighed in on DBM. Raymond James increased their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reduced their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. CIBC boosted their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. National Bankshares increased their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Finally, Canaccord Genuity Group lifted their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$10.42.

Doman Building Materials Group Stock Performance

Shares of Doman Building Materials Group stock opened at C$8.95 on Thursday. The firm has a market capitalization of C$781.25 million, a P/E ratio of 12.43 and a beta of 1.53. 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 business’s fifty day simple moving average is C$7.60 and its 200 day simple moving average is C$7.42. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$9.15.

Doman Building Materials Group (TSE:DBM) last released 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 business had revenue of C$689.83 million for the quarter, compared to the consensus estimate 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, analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.26%. 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.