Dorel Industries (TSE:DII.B) Price Target Cut to C$2.00 by Analysts at TD

Dorel Industries (TSE:DII.B) had its price objective lowered by equities research analysts at TD from C$2.25 to C$2.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price objective points to a potential upside of 24.22% from the company’s previous close.

Separately, TD Securities raised their target price on Dorel Industries from C$1.50 to C$2.25 and gave the stock a “hold” rating in a research report on Thursday, March 12th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dorel Industries currently has an average rating of “Hold” and a consensus price target of C$2.08.

Dorel Industries Stock Performance

TSE:DII.B traded up C$0.02 on Monday, hitting C$1.61. The stock had a trading volume of 2,502 shares, compared to its average volume of 19,734. The stock has a market cap of C$55.76 million, a price-to-earnings ratio of -0.37, a price-to-earnings-growth ratio of -0.11 and a beta of 0.63. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The business’s 50-day simple moving average is C$1.71 and its two-hundred day simple moving average is C$1.72. Dorel Industries has a 52-week low of C$1.15 and a 52-week high of C$2.40.

Dorel Industries (TSE:DII.B) last announced its earnings results on Thursday, May 7th. The company reported C($0.90) earnings per share (EPS) for the quarter. The firm had revenue of C$372.38 million during the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%. As a group, research analysts predict that Dorel Industries will post 0.7015306 earnings per share for the current year.

About Dorel Industries

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.