Dye & Durham (TSE:DND) Price Target Raised to C$22.00

Dye & Durham (TSE:DND) had its price target raised by CIBC from C$21.00 to C$22.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also issued reports on the stock. Scotiabank reduced their price target on shares of Dye & Durham from C$24.00 to C$23.00 in a research report on Wednesday, May 15th. Cormark dropped their price target on shares of Dye & Durham from C$23.00 to C$17.50 in a research note on Monday, July 22nd. Finally, Raymond James raised their price target on shares of Dye & Durham from C$16.00 to C$22.00 and gave the company an outperform rating in a research note on Wednesday, May 15th.

Dye & Durham Stock Down 0.4 %

Dye & Durham stock opened at C$13.25 on Thursday. The stock has a market cap of C$886.43 million, a P/E ratio of -4.89 and a beta of 2.07. The company has a quick ratio of 1.98, a current ratio of 1.33 and a debt-to-equity ratio of 286.80. Dye & Durham has a twelve month low of C$7.46 and a twelve month high of C$20.54. The company’s 50-day moving average price is C$13.20 and its two-hundred day moving average price is C$13.68.

Dye & Durham (TSE:DND) last announced its earnings results on Wednesday, September 4th. The company reported C$0.12 earnings per share (EPS) for the quarter. Dye & Durham had a negative net margin of 34.81% and a negative return on equity of 31.62%. The firm had revenue of C$120.12 million for the quarter, compared to analyst estimates of C$119.81 million. As a group, analysts expect that Dye & Durham will post 0.1015974 EPS for the current year.

Dye & Durham Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 12th will be issued a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, September 12th. Dye & Durham’s payout ratio is -2.95%.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.