Raymond James Issues Pessimistic Forecast for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM) had its target price cut by Raymond James from C$12.00 to C$11.50 in a research note issued to investors on Tuesday morning,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.

DBM has been the subject of several other reports. TD Securities upped their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. National Bankshares increased their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Stifel Nicolaus raised their target price 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 target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Wednesday, January 15th. Finally, Canaccord Genuity Group lifted their price objective on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Doman Building Materials Group has a consensus rating of “Buy” and an average target price of C$11.29.

Doman Building Materials Group Trading Up 0.2 %

Shares of DBM opened at C$8.11 on Tuesday. The firm has a market capitalization of C$707.92 million, a price-to-earnings ratio of 11.26 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$9.96. The company has a 50-day moving average of C$8.92 and a 200 day moving average of C$8.08.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $0.24 earnings per share. On average, research analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current 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.