Dye & Durham Limited (TSE:DND) Given Average Rating of “Buy” by Analysts

Dye & Durham Limited (TSE:DND) has received an average rating of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$24.71.

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

Insider Transactions at Dye & Durham

In other Dye & Durham news, insider Plantro Ltd. sold 1,000,000 shares of the business’s stock in a transaction that occurred on 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 purchased 12,300 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost of C$17.35 per share, for a total transaction of C$213,433.29. Insiders own 25.60% of the company’s stock.

Dye & Durham Stock Performance

Shares of DND stock opened at C$16.98 on Friday. The company has a debt-to-equity ratio of 402.18, a quick ratio of 1.98 and a current ratio of 1.00. The firm has a market cap of C$1.14 billion, a price-to-earnings ratio of -5.80 and a beta of 2.09. Dye & Durham has a 52 week low of C$10.92 and a 52 week 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.

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

Dye & Durham Dividend Announcement

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

About Dye & Durham

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.