Doman Building Materials Group Ltd. (TSE:DBM) receives average “Buy” rating from analysts

The shares of Doman Building Materials Group Ltd. (TSE:DBM – Get Rating) received a consensus rating of “Buy” from the nine ratings firms that currently cover the stock, reports Marketbeat Ratings. Six research analysts rated the stock with a Buy rating. The 1-year average price target among brokers who have quoted the stock in the past year is C$10.00.

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

DBM opened at C$7.14 on Friday. The stock’s fifty-day moving average is C$7.87 and its two-hundred-day moving average is C$7.64. The company has a market capitalization of C$619.00 million and a P/E ratio of 5.62. Doman Building Materials Group has a 52-week low of C$6.13 and a 52-week high of C$9.94. The company has a quick ratio of 1.00, a current ratio of 2.92 and a debt ratio of 166.29.

Doman Building Materials Group (TSE:DBM – Get Rating) last released quarterly earnings data on Thursday, March 3. The company reported EPS of C$0.13 for the quarter, missing the consensus estimate of C$0.14 by C$0.01. The company posted revenue of C$641.64 million in the quarter, compared to a consensus estimate of C$618.37 million. Stock analysts expect Doman Building Materials Group to post earnings per share of 0.76 for the current year.

The company also recently disclosed 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 a boost 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 dividend yield of 7.84%. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 39.37%.

About Doman Building Materials Group (Get a rating)

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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Analyst Recommendations for Doman Building Materials Group (TSE:DBM)

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