Doman Building Materials Group Ltd. (TSE:DBM) Receives Consensus Rating of “Buy” from Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has been given a consensus recommendation of “Buy” by the five analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$12.65.

A number of research firms recently issued reports on DBM. Raymond James Financial lifted their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Royal Bank Of Canada upped their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. National Bank Financial upped their target price on Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Desjardins raised their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Stifel Nicolaus lifted their price target on Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a report on Tuesday, May 12th.

Doman Building Materials Group Stock Down 0.6%

Doman Building Materials Group stock opened at C$11.38 on Friday. The firm has a market cap of C$998.74 million, a PE ratio of 12.37 and a beta of 1.51. The company has a debt-to-equity ratio of 153.48, a quick ratio of 1.11 and a current ratio of 3.27. The firm’s 50 day moving average price is C$11.33 and its two-hundred day moving average price is C$10.50. Doman Building Materials Group has a twelve month low of C$8.47 and a twelve month high of C$11.99.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. The business had revenue of C$904.47 million for the quarter. On average, research analysts predict that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 60.87%.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.