Stifel Nicolaus Boosts Doman Building Materials Group (TSE:DBM) Price Target to C$10.00

Doman Building Materials Group (TSE:DBM) had its target price increased by Stifel Nicolaus from C$9.25 to C$10.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. CIBC increased their price target on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Raymond James lifted their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. National Bankshares increased their price target on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Canaccord Genuity Group lifted their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada dropped their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$10.42.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$8.79 on Thursday. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.15. The stock has a market capitalization of C$767.28 million, a price-to-earnings ratio of 12.21 and a beta of 1.53. The company has a 50-day simple moving average of C$7.64 and a 200-day simple moving average of C$7.42. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The company had revenue of C$689.83 million for the quarter, compared to analysts’ expectations of C$742.90 million. On average, analysts predict that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.37%. The ex-dividend date was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio (DPR) is 77.78%.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.