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

Doman Building Materials Group Ltd. (TSE:DBM) has been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$10.81.

Several equities analysts have weighed in on the company. Desjardins raised their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Raymond James Financial increased their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research note on Monday, March 9th. National Bank Financial lifted their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Finally, Stifel Nicolaus decreased their price target on shares of Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating on the stock in a research note on Monday, March 9th.

Doman Building Materials Group Stock Performance

Shares of DBM opened at C$9.53 on Friday. Doman Building Materials Group has a 12-month low of C$6.30 and a 12-month high of C$10.60. The stock has a market cap of C$836.38 million, a P/E ratio of 10.36 and a beta of 1.28. The company has a current ratio of 3.22, a quick ratio of 1.11 and a debt-to-equity ratio of 157.89. The company has a 50-day moving average of C$9.96 and a two-hundred day moving average of C$9.49.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.13 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. The business had revenue of C$644.23 million during the quarter. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 5.9%. Doman Building Materials Group’s dividend payout ratio (DPR) is 60.87%.

About Doman Building Materials Group

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.