Doman Building Materials Group (TSE:DBM) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Doman Building Materials Group shares crossed above their 200-day moving average, reaching C$10.95 before closing at C$10.81. The stock’s 200-day average was C$10.62, while its 50-day average stood at C$11.18.
• Analysts remain bullish, with all five covering analysts assigning a Buy rating. The consensus price target is C$12.65, including recent target increases from National Bank Financial and Raymond James.
• The company reported quarterly EPS of C$0.36 on revenue of C$904.47 million and maintains a quarterly dividend of C$0.14 per share, equivalent to a 5.2% annualized yield and a 58.33% payout ratio.

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.62 and traded as high as C$10.95. Doman Building Materials Group shares last traded at C$10.81, with a volume of 183,834 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. National Bank Financial boosted their price target on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Raymond James Financial lifted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Doman Building Materials Group presently has an average rating of "Buy" and a consensus target price of C$12.65.

Doman Building Materials Group Stock Up 0.4%

The company has a quick ratio of 1.11, a current ratio of 3.27 and a debt-to-equity ratio of 153.48. The stock has a 50 day simple moving average of C$11.18 and a 200 day simple moving average of C$10.62. The stock has a market cap of C$950.13 million, a price-to-earnings ratio of 11.26 and a beta of 1.62.

Doman Building Materials Group (TSE:DBM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%.The firm had revenue of C$904.47 million during the quarter. As a group, analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Tuesday, June 30th. Doman Building Materials Group's payout ratio is 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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