Dollarama (TSE:DOL) was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating in a report issued on Friday, BayStreet.CA reports. They currently have a C$49.00 price objective on the stock, up from their previous price objective of C$43.00. Desjardins’ price target points to a potential upside of 4.81% from the stock’s current price.
A number of other brokerages also recently weighed in on DOL. Canaccord Genuity dropped their price objective on Dollarama from C$50.00 to C$45.00 in a research report on Monday, March 25th. BMO Capital Markets raised their price objective on Dollarama from C$35.00 to C$45.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. TD Securities raised their price objective on Dollarama from C$40.00 to C$45.00 in a research report on Friday, June 7th. National Bank Financial raised Dollarama from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$40.00 to C$41.00 in a research report on Friday, March 29th. Finally, Raymond James reaffirmed an “outperform” rating and set a C$42.00 price objective on shares of Dollarama in a research report on Thursday, March 21st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$48.14.
DOL stock traded down C$0.24 during trading on Friday, reaching C$46.75. 1,011,505 shares of the company traded hands, compared to its average volume of 829,160. Dollarama has a 12 month low of C$30.70 and a 12 month high of C$54.00. The company has a market cap of $15.03 billion and a P/E ratio of 27.99.
Dollarama (TSE:DOL) last issued its quarterly earnings data on Thursday, March 28th. The company reported C$0.54 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.01). The company had revenue of C$1.06 billion during the quarter, compared to the consensus estimate of C$1.04 billion. On average, sell-side analysts predict that Dollarama will post 2.081965 EPS for the current fiscal year.
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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