TD Securities Forecasts Strong Price Appreciation for Dorel Industries (TSE:DII.B) Stock

Key Points

• TD Securities raised its price target on Dorel Industries from C$1.50 to C$2.25 while maintaining a "hold" rating, implying roughly a 28.6% upside from the current share price.
• Fundamentals remain weak: Dorel reported a quarterly loss of C($0.48), a negative ROE (-48.11%) and net margin (-6.47%), a very high debt-to-equity ratio (287.7), and trades at about C$1.75 with a market cap near C$57.2 million.

Dorel Industries (TSE:DII.B - Get Free Report) had its price target boosted by investment analysts at TD Securities from C$1.50 to C$2.25 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price target suggests a potential upside of 28.57% from the stock's current price.

Dorel Industries Stock Up 0.6%

Shares of DII.B stock traded up C$0.01 during mid-day trading on Thursday, hitting C$1.75. 1,223 shares of the stock traded hands, compared to its average volume of 24,000. Dorel Industries has a 52-week low of C$1.15 and a 52-week high of C$3.51. The stock has a market cap of C$57.17 million, a P/E ratio of -0.30, a P/E/G ratio of -0.11 and a beta of 0.86. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64. The stock's fifty day moving average is C$1.84 and its two-hundred day moving average is C$1.68.

Dorel Industries (TSE:DII.B - Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported C($0.48) EPS for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%.The firm had revenue of C$361.20 million for the quarter. Equities analysts predict that Dorel Industries will post 0.7015306 EPS for the current year.

About Dorel Industries

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Dorel Juvenile segment is engaged in the design, sourcing, manufacturing, distribution, and retail of children's accessories which include infant car seats, strollers, high chairs, and infant health and safety aids.

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