Dye & Durham (TSE:DND) Price Target Increased to C$22.00 by Analysts at Raymond James

Dye & Durham (TSE:DND) had its price objective lifted by Raymond James from C$16.00 to C$22.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the stock. Scotiabank cut their price target on shares of Dye & Durham from C$24.00 to C$23.00 in a report on Wednesday. Canaccord Genuity Group dropped their price objective on shares of Dye & Durham from C$30.00 to C$25.00 and set a buy rating on the stock in a report on Monday, February 12th. CIBC dropped their target price on Dye & Durham from C$21.50 to C$21.00 and set an outperform rating on the stock in a research report on Wednesday, February 14th. Finally, Cormark cut their price objective on Dye & Durham from C$24.00 to C$23.00 in a research report on Wednesday, February 14th.

Dye & Durham Stock Performance

Shares of TSE DND traded up C$0.25 during trading on Wednesday, hitting C$14.02. The company had a trading volume of 11,926 shares, compared to its average volume of 192,360. The stock has a 50 day simple moving average of C$15.04 and a 200 day simple moving average of C$13.70. The firm has a market capitalization of C$937.80 million, a P/E ratio of -4.65 and a beta of 2.16. Dye & Durham has a 12 month low of C$7.46 and a 12 month high of C$21.21. The company has a debt-to-equity ratio of 342.22, a quick ratio of 1.98 and a current ratio of 0.89.

Dye & Durham (TSE:DND) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$0.11 earnings per share (EPS) for the quarter. Dye & Durham had a negative return on equity of 35.81% and a negative net margin of 37.99%. The business had revenue of C$110.18 million during the quarter, compared to analyst estimates of C$108.20 million. As a group, analysts anticipate that Dye & Durham will post 0.1101028 earnings per share for the current year.

Dye & Durham Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 21st will be given a $0.019 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.08 dividend on an annualized basis and a yield of 0.54%. Dye & Durham’s dividend payout ratio is currently -2.70%.

About Dye & Durham

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.