Raymond James Cuts Doman Building Materials Group (TSE:DBM) Price Target to C$11.50

Doman Building Materials Group (TSE:DBM) had its price objective trimmed by Raymond James from C$12.00 to C$11.50 in a research note released on Tuesday,BayStreet.CA reports. Raymond James also issued estimates for Doman Building Materials Group’s FY2025 earnings at $1.04 EPS and FY2026 earnings at $1.07 EPS.

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

Doman Building Materials Group Trading Up 0.2 %

Doman Building Materials Group stock opened at C$8.11 on Tuesday. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The firm’s 50 day moving average price is C$8.92 and its 200-day moving average price is C$8.08. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.96. The stock has a market cap of C$707.92 million, a P/E ratio of 11.26 and a beta of 1.53.

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

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.