Doman Building Materials Group (TSE:DBM – Free Report) had its target price lifted by Canaccord Genuity Group from C$9.00 to C$11.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.
A number of other analysts have also weighed in on the company. Raymond James raised their target price on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a strong-buy rating in a research note on Wednesday. Stifel Nicolaus raised their target price on Doman Building Materials Group from C$9.00 to C$9.25 and gave the company a buy rating in a research note on Wednesday. Royal Bank of Canada lowered their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. National Bankshares lowered their price objective on Doman Building Materials Group from C$10.50 to C$8.50 and set an outperform rating for the company in a research report on Tuesday, August 13th. Finally, CIBC lifted their price objective on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an outperform rating in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Doman Building Materials Group presently has an average rating of Buy and a consensus price target of C$9.71.
Read Our Latest Research Report on Doman Building Materials Group
Doman Building Materials Group Stock Down 0.8 %
Doman Building Materials Group (TSE:DBM – Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The company 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 net margin of 2.56% and a return on equity of 10.63%. As a group, equities research analysts expect that Doman Building Materials Group will post 0.7751004 earnings per share for the current fiscal year.
Doman Building Materials Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 27th. This represents a $0.56 annualized dividend and a dividend yield of 6.39%. Doman Building Materials Group’s payout ratio is currently 77.78%.
About Doman Building Materials Group
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.
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