Doman Building Materials Group (TSE:DBM – Free Report) 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.
Check Out Our Latest Stock Analysis on DBM
Doman Building Materials Group Price Performance
Doman Building Materials Group (TSE:DBM – Get Free Report) 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.
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