Recent Research Analysts’ Ratings Updates for Doman Building Materials Group (DBM)

A number of research firms have changed their ratings and price targets for Doman Building Materials Group (TSE: DBM):

• 10/2/2024 – Doman Building Materials Group had its price target raised by analysts at Raymond James from C$9.75 to C$11.50. They now have a “strong-buy” rating on the stock.
• 10/2/2024 – Doman Building Materials Group had its price target raised by analysts at CIBC from C$8.50 to C$9.00. They now have an “outperform” rating on the stock.
• 10/2/2024 – Doman Building Materials Group had its price target raised by analysts at Canaccord Genuity Group Inc. from C$9.00 to C$11.00. They now have a “buy” rating on the stock.
• 10/2/2024 – Doman Building Materials Group had its price target raised by analysts at Stifel Nicolaus from C$9.00 to C$9.25. They now have a “buy” rating on the stock.
• 8/13/2024 – Doman Building Materials Group had its price target lowered by analysts at National Bankshares, Inc. from C$10.50 to C$8.50. They now have an “outperform” rating on the stock.

Doman Building Materials Group Stock Performance

DBM opened at C$8.76 on Monday. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The firm has a market capitalization of C$764.66 million, a PE ratio of 12.17 and a beta of 1.53. The firm has a 50 day moving average of C$7.24 and a two-hundred day moving average of C$7.38. Doman Building Materials Group Ltd. has a 12-month low of C$6.32 and a 12-month high of C$8.88.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. The business had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. On average, analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a yield of 6.39%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 77.78%.

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.