Doman Building Materials Group Ltd. (TSE:DBM) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Doman Building Materials Group has a consensus “Buy” rating from all five covering analysts, with an average 12-month price target of C$12.65. Several brokerages recently raised their targets to between C$12.25 and C$14.00.
• The company reported quarterly earnings of C$0.36 per share on revenue of C$904.47 million, with a 12.64% return on equity and a 2.71% net margin.
• Doman announced a quarterly dividend of C$0.14, equivalent to C$0.56 annually and a 5.2% yield; its payout ratio is 58.33%.

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has been given a consensus rating of "Buy" by the five ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$12.65.

A number of research analysts recently weighed in on DBM shares. National Bank Financial raised their price target on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Raymond James Financial upped their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Desjardins increased their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Finally, Stifel Nicolaus lifted their target price on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a "buy" rating in a research report on Tuesday, May 12th.

Doman Building Materials Group Stock Up 0.1%

Shares of TSE:DBM opened at C$10.70 on Tuesday. The stock has a market cap of C$940.47 million, a price-to-earnings ratio of 11.15 and a beta of 1.51. The business's 50 day moving average is C$11.31 and its 200 day moving average is C$10.58. Doman Building Materials Group has a 12-month low of C$8.47 and a 12-month high of C$11.99. The company has a quick ratio of 1.11, a current ratio of 3.27 and a debt-to-equity ratio of 153.48.

Doman Building Materials Group (TSE:DBM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$904.47 million for the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%. On average, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 5.2%. Doman Building Materials Group's dividend payout ratio is currently 58.33%.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.

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