Doman Building Materials Group (TSE:DBM) Stock Rating Upgraded by CIBC

Doman Building Materials Group (TSE:DBM – Get Free Report) was upgraded by stock analysts at CIBC from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a C$7.50 price target on the stock. CIBC’s price target suggests a potential upside of 12.11% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus decreased their price objective on Doman Building Materials Group from C$8.00 to C$7.75 in a report on Tuesday. Raymond James increased their target price on shares of Doman Building Materials Group from C$7.00 to C$7.25 and gave the stock a “market perform” rating in a report on Tuesday, May 16th.

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Doman Building Materials Group Trading Up 0.3 %

Shares of DBM opened at C$6.69 on Thursday. The business’s 50-day moving average price is C$6.53 and its 200-day moving average price is C$6.70. The company has a quick ratio of 1.11, a current ratio of 2.55 and a debt-to-equity ratio of 137.56. The stock has a market cap of C$581.29 million, a PE ratio of 11.15 and a beta of 1.58. Doman Building Materials Group has a twelve month low of C$5.30 and a twelve month high of C$7.71.

Doman Building Materials Group (TSE:DBM – Get Free Report) last announced its earnings results on Thursday, May 11th. The company reported C$0.17 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.09 by C$0.08. The business had revenue of C$609.12 million for the quarter, compared to analyst estimates of C$579.93 million. Doman Building Materials Group had a return on equity of 9.45% and a net margin of 1.85%. On average, equities analysts forecast that Doman Building Materials Group will post 0.529767 EPS for the current fiscal year.

About Doman Building Materials Group

(Get Free Report)

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products for new home construction, home renovation, and industrial markets primarily in the United States and Canada. It distributes a range of building materials, lumber, and renovation products.

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