Doman Building Materials Group Ltd. (TSE: DBM) Receives Consensus Recommendation to “Buy” Brokerages

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.
Featured articles
Receive daily news and reviews for Doman Building Materials Group – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Doman Building Materials Group and related companies with MarketBeat.com’s free daily email newsletter.