Doman Building Materials Group (TSE:DBM) PT Raised to C$9.00 at CIBC

Doman Building Materials Group (TSE:DBM) had its target price hoisted by CIBC from C$8.50 to C$9.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 5.76% from the company’s current price.

Several other analysts also recently commented on DBM. National Bankshares reduced their target price on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Royal Bank of Canada lowered their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Buy” and a consensus target price of C$9.71.

Doman Building Materials Group Stock Up 8.5 %

Shares of TSE:DBM traded up C$0.67 during midday trading on Wednesday, reaching C$8.51. 1,065,280 shares of the company were exchanged, compared to its average volume of 190,708. The stock has a fifty day simple moving average of C$7.14 and a two-hundred day simple moving average of C$7.37. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$8.64. The firm has a market cap of C$742.84 million, a PE ratio of 11.82 and a beta of 1.52.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The company had revenue of C$689.83 million during the quarter, compared to the consensus estimate of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. As a group, sell-side analysts forecast that Doman Building Materials Group will post 0.7751004 earnings per share for the current year.

Doman Building Materials Group Company Profile

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.