Raymond James Has Lowered Expectations for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM) had its target price reduced by research analysts at Raymond James from C$12.00 to C$11.50 in a note issued to investors on Thursday,BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 42.33% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. National Bankshares boosted their target price on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. CIBC reduced their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Wednesday, January 15th. Canaccord Genuity Group upped their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Securities raised their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$11.29.

Doman Building Materials Group Stock Performance

Doman Building Materials Group stock traded up C$0.01 during midday trading on Thursday, hitting C$8.08. 27,225 shares of the company’s stock were exchanged, compared to its average volume of 153,357. The firm’s 50 day simple moving average is C$8.80 and its 200 day simple moving average is C$8.13. Doman Building Materials Group has a 12-month low of C$6.32 and a 12-month high of C$9.96. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The stock has a market cap of C$705.30 million, a price-to-earnings ratio of 11.22 and a beta of 1.53.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.04. Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. During the same period in the previous year, the firm posted $0.24 EPS. Equities research analysts predict that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Company Profile

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.