Dollarama (TSE:DOL) Price Target Cut to C$227.00 by Analysts at Sanford C. Bernstein

Dollarama (TSE:DOL) had its target price lowered by equities researchers at Sanford C. Bernstein from C$232.00 to C$227.00 in a report released on Tuesday,BayStreet.CA reports. Sanford C. Bernstein’s price objective would indicate a potential upside of 30.84% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Desjardins dropped their target price on shares of Dollarama from C$218.00 to C$205.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Canaccord Genuity Group dropped their target price on shares of Dollarama from C$207.00 to C$187.00 in a research report on Wednesday, March 25th. BMO Capital Markets dropped their target price on shares of Dollarama from C$222.00 to C$210.00 in a research report on Wednesday, March 25th. Scotiabank dropped their target price on shares of Dollarama from C$220.00 to C$200.00 in a research report on Wednesday, March 25th. Finally, Jefferies Financial Group dropped their target price on shares of Dollarama from C$235.00 to C$200.00 in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$203.31.

Dollarama Trading Down 0.2%

Shares of TSE DOL traded down C$0.27 during midday trading on Tuesday, reaching C$173.50. The stock had a trading volume of 232,713 shares, compared to its average volume of 709,741. The firm has a market cap of C$47.23 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40. Dollarama has a twelve month low of C$162.89 and a twelve month high of C$209.96. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13. The company’s 50 day moving average price is C$180.03 and its 200 day moving average price is C$189.69.

Dollarama (TSE:DOL) last issued its quarterly earnings results on Tuesday, March 24th. The company reported C$1.43 earnings per share (EPS) for the quarter. The firm had revenue of C$2.10 billion for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. As a group, sell-side analysts expect that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.