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

Shares of Doman Building Materials Group Ltd. (TSE:DBM – Get Rating) have received a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$9.89.

DBM has been the subject of a number of recent analyst reports. CIBC decreased their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Thursday, April 21st. Stifel Nicolaus initiated coverage on shares of Doman Building Materials Group in a research note on Thursday, February 10th. They issued a “buy” rating and a C$10.00 price objective for the company. National Bankshares decreased their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Tuesday, March 8th. Raymond James decreased their price objective on shares of Doman Building Materials Group from C$10.50 to C$9.50 and set an “outperform” rating for the company in a research note on Thursday, May 5th. Finally, Canaccord Genuity Group raised their price objective on shares of Doman Building Materials Group from C$7.00 to C$8.00 in a research note on Monday, March 7th.

Shares of TSE:DBM opened at C$6.70 on Thursday. The stock has a market capitalization of C$581.79 million and a price-to-earnings ratio of 5.06. Doman Building Materials Group has a 1-year low of C$6.13 and a 1-year high of C$9.50. The company has a debt-to-equity ratio of 181.45, a quick ratio of 1.38 and a current ratio of 3.20. The company has a 50 day moving average price of C$7.48 and a 200 day moving average price of C$7.67.

Doman Building Materials Group (TSE:DBM – Get Rating) last issued its earnings results on Thursday, March 3rd. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.01). The company had revenue of C$641.64 million for the quarter, compared to analysts’ expectations of C$618.37 million. On average, sell-side analysts expect that Doman Building Materials Group will post 0.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were given a $0.14 dividend. This is an increase from Doman Building Materials Group’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.56 dividend on an annualized basis and a yield of 8.36%. Doman Building Materials Group’s dividend payout ratio is presently 39.30%.

In other Doman Building Materials Group news, Director Marc Seguin purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were acquired at an average price of C$6.69 per share, for a total transaction of C$100,350.00. Following the acquisition, the director now owns 223,200 shares of the company’s stock, valued at C$1,493,208.

Doman Building Materials Group Company Profile (Get Rating)

Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures.

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