The shares of Doman Building Materials Group Ltd. (TSE: DBM – Get Rating) received a consensus “buy” recommendation from the nine brokerages that cover the stock, Marketbeat Ratings reports. Six analysts rated the stock with a buy rating. The 1-year average price target among brokerages that have quoted the stock over the past year is C$9.89.

DBM has been the subject of a number of recent analyst reports. CIBC lowered its price target on Doman Building Materials Group shares from C$10.00 to C$9.00 and set an “outperform” rating for the company in a Thursday, April 21 research note. Stifel Nicolaus launched a hedge on the shares of Doman Building Materials Group in a research note on Thursday, February 10. They issued a “buy” rating and a price target of C$10.00 for the company. National Bankshares cut its price target on Doman Building Materials Group shares from C$12.00 to C$11.00 and set an “outperform” rating for the company in a Tuesday, March 8 research note. Raymond James lowered his price target on Doman Building Materials Group shares from C$10.50 to C$9.50 and set an “outperform” rating for the company in a Thursday, May 5 research note. Finally, Canaccord Genuity Group raised its price target on shares of Doman Building Materials Group from C$7.00 to C$8.00 in a Monday, March 7 research note.

Shares of TSE:DBM opened at C$6.70 on Thursday. The stock has a market cap of C$581.79 million and a price-earnings ratio of 5.06. Doman Building Materials Group has a 1-year low of C$6.13 and a 1-year high of C$9.50. The company has a debt ratio of 181.45, a quick ratio of 1.38 and a current ratio of 3.20. The company has a 50-day moving average price of C$7.48 and a 200-day moving average price of C$7.67.

Doman Building Materials Group (TSE:DBM – Get Rating) last released its results on Thursday, March 3. The company reported earnings per share of CA$0.13 for the quarter, missing analyst consensus estimates of CA$0.14 by CA$0.01. The company posted revenue of C$641.64 million for the quarter, compared to analysts’ expectations of C$618.37 million. On average, sell-side analysts expect Doman Building Materials Group to post EPS of 0.77 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14. Shareholders of record on Thursday, March 31 received a dividend of $0.14. This is an increase from Doman Building Materials Group’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, March 30. This represents a dividend of $0.56 on an annualized basis and a yield of 8.36%. Doman Building Materials Group’s dividend payout ratio is currently 39.30%.

In other Doman Building Materials Group news, Director Marc Seguin purchased 15,000 shares of the company in a trade dated Tuesday, May 24. The shares were acquired at an average price of CA$6.69 per share, for a total transaction of CA$100,350.00. Following the acquisition, the director now owns 223,200 shares of the company, valued at C$1,493,208.

Doman Building Materials Group Company Profile (Get an assessment)

Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States and Hawaii. It distributes a range of building materials, wood, renovation and electrical products. The company owns approximately 117,000 acres of private woodlots, as well as licenses and strategic tenures.

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