Dollarama (TSE:DOL) Stock Rating Upgraded by Stifel Nicolaus

Key Points

• Stifel Nicolaus upgraded Dollarama from "hold" to "buy" and raised its price target to C$190 from C$180, implying roughly a 9.59% upside from the current price.
• Analyst consensus remains a Moderate Buy (one Strong Buy, seven Buys, two Holds) with an average target of C$203.69, although several brokers recently trimmed their price targets.
• Recent trading and fundamentals: shares were C$173.38 mid-day (up 1.7%), the company reported C$1.43 EPS on C$2.10B revenue for the quarter, with a P/E of 36.66, ROE of 94.71% and net margin of 18.05%.

Dollarama (TSE:DOL - Get Free Report) was upgraded by equities research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a C$190.00 price objective on the stock, up from their prior price objective of C$180.00. Stifel Nicolaus' price objective would indicate a potential upside of 9.59% from the stock's current price.

Other analysts have also issued research reports about the company. Royal Bank Of Canada reduced their target price on Dollarama from C$225.00 to C$223.00 in a report on Wednesday, March 25th. Canadian Imperial Bank of Commerce upgraded Dollarama from a "hold" rating to an "outperform" rating and reduced their target price for the company from C$212.00 to C$202.00 in a report on Wednesday, March 25th. Scotiabank reduced their target price on Dollarama from C$220.00 to C$200.00 in a report on Wednesday, March 25th. Jefferies Financial Group reduced their target price on Dollarama from C$235.00 to C$200.00 in a report on Wednesday, March 25th. Finally, Canaccord Genuity Group reduced their target price on Dollarama from C$207.00 to C$187.00 in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$203.69.

Dollarama Trading Up 1.7%

Shares of TSE DOL traded up C$2.89 during mid-day trading on Tuesday, hitting C$173.38. 233,214 shares of the company traded hands, compared to its average volume of 713,952. Dollarama has a 1 year low of C$160.39 and a 1 year high of C$209.96. The stock has a market capitalization of C$47.29 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 1.93 and a beta of 0.47. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 370.61. The business has a 50 day moving average of C$182.29 and a two-hundred day moving average of C$189.94.

Dollarama (TSE:DOL - Get Free Report) last announced its earnings results on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. The business had revenue of C$2.10 billion during the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%. On average, sell-side analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company's product offerings. The company's stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.

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