Doman Building Materials Group (TSE:DBM) Given New C$10.00 Price Target at Stifel Nicolaus

Doman Building Materials Group (TSE:DBM) had its price objective increased by Stifel Nicolaus from C$9.25 to C$10.00 in a research note published on Thursday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on DBM. CIBC lifted their price target on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lowered their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. National Bankshares increased their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Canaccord Genuity Group lifted their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Raymond James increased their target price on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$10.42.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$8.79 on Thursday. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The business’s fifty day moving average price is C$7.64 and its two-hundred day moving average price is C$7.42. The stock has a market cap of C$767.28 million, a PE ratio of 12.21 and a beta of 1.53. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.15.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The company had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. On average, analysts forecast that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.37%. Doman Building Materials Group’s payout ratio is 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.