In a report released yesterday, Matt McKellar from RBC Capital maintained a Buy rating on Doman Building Materials Group, with a price target of C$13.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
McKellar covers the Basic Materials sector, focusing on stocks such as Acadian Timber, Clearwater Paper, and Mercer International. According to TipRanks, McKellar has an average return of 3.0% and a 42.38% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Doman Building Materials Group with a C$12.20 average price target.
Based on Doman Building Materials Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$761.97 million and a net profit of C$23.92 million. In comparison, last year the company earned a revenue of C$793.25 million and had a net profit of C$23.56 million
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DBM in relation to earlier this year.
