Dye & Durham Limited (TSE:DND) Receives Consensus Recommendation of “Buy” from Brokerages

Dye & Durham Limited (TSE:DND) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$24.71.

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price objective on Dye & Durham from C$18.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group decreased their price target on Dye & Durham from C$30.00 to C$27.50 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. CIBC increased their price objective on Dye & Durham from C$22.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group lifted their target price on shares of Dye & Durham from C$27.00 to C$30.00 in a research note on Friday, November 29th.

Insider Activity at Dye & Durham

In other Dye & Durham news, insider Plantro Ltd. sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$19.15, for a total value of C$19,150,000.00. Also, Director Eric Shahinian bought 12,300 shares of Dye & Durham stock in a transaction on Tuesday, December 31st. The shares were purchased at an average price of C$17.35 per share, for a total transaction of C$213,433.29. 25.60% of the stock is currently owned by company insiders.

Dye & Durham Stock Down 1.7 %

Shares of TSE DND opened at C$16.98 on Friday. The stock has a market capitalization of C$1.14 billion, a P/E ratio of -5.80 and a beta of 2.09. Dye & Durham has a one year low of C$10.92 and a one year high of C$22.59. The firm’s 50 day simple moving average is C$18.66 and its two-hundred day simple moving average is C$15.78. The company has a debt-to-equity ratio of 402.18, a current ratio of 1.00 and a quick ratio of 1.98.

Dye & Durham (TSE:DND) last released its earnings results on Thursday, November 7th. The company reported C($0.14) EPS for the quarter. The business had revenue of C$119.93 million for the quarter, compared to the consensus estimate of C$120.30 million. Dye & Durham had a negative net margin of 38.23% and a negative return on equity of 42.91%. As a group, analysts expect that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Dye & Durham Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.019 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Thursday, November 14th. Dye & Durham’s payout ratio is -2.73%.

Dye & Durham Company Profile

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.