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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have received a consensus recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$12.65.

A number of research firms have recently weighed in on DBM. Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Desjardins upped their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Raymond James Financial increased 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 report on Thursday, August 6th. Finally, National Bank Financial raised their target price on Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd.

Doman Building Materials Group Price Performance

DBM opened at C$10.70 on Tuesday. The firm has a market cap of C$940.47 million, a P/E ratio of 11.15 and a beta of 1.51. The firm has a 50-day moving average of C$11.31 and a 200 day moving average of C$10.58. The company has a debt-to-equity ratio of 153.48, a quick ratio of 1.11 and a current ratio of 3.27. Doman Building Materials Group has a fifty-two week low of C$8.47 and a fifty-two week high of C$11.99.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$904.47 million during the quarter. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. On average, research analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Doman Building Materials Group’s dividend payout ratio is currently 58.33%.

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.