Doman Building Materials Group Ltd. (TSE:DBM) Stock Now Rated “Buy” by Sell-Side Brokerages

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have received a consensus rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$12.65.

Several 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 note on Thursday, August 6th. National Bank Financial lifted their price target on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd.

Doman Building Materials Group Price Performance

DBM stock opened at C$11.10 on Friday. The firm has a 50 day moving average of C$11.11 and a 200-day moving average of C$10.66. The firm has a market capitalization of C$975.62 million, a P/E ratio of 11.56 and a beta of 1.62. Doman Building Materials Group has a 12 month low of C$8.47 and a 12 month high of C$11.99. The company has a current ratio of 3.27, a quick ratio of 1.11 and a debt-to-equity ratio of 153.48.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Wednesday, August 5th. The company reported C$0.36 earnings per share (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. As a group, sell-side analysts predict that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Doman Building Materials Group’s payout ratio is currently 58.33%.

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.