Canaccord Genuity Group Issues Pessimistic Forecast for Dye & Durham (TSE:DND) Stock Price

Dye & Durham (TSE:DND) had its target price cut by Canaccord Genuity Group from C$30.00 to C$27.50 in a research note published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on DND. Canaccord Genuity Group increased their price objective on shares of Dye & Durham from C$27.00 to C$30.00 in a research report on Friday, November 29th. 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. Finally, CIBC boosted their price objective on shares of Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Dye & Durham currently has a consensus rating of “Buy” and a consensus price target of C$24.71.

Dye & Durham Price Performance

Shares of DND opened at C$18.17 on Wednesday. The company has a 50 day moving average of C$18.66 and a two-hundred day moving average of C$15.19. The company has a market cap of C$1.22 billion, a price-to-earnings ratio of -6.20 and a beta of 2.09. The company has a quick ratio of 1.98, a current ratio of 1.00 and a debt-to-equity ratio of 402.18. Dye & Durham has a twelve month low of C$10.92 and a twelve month high of C$22.59.

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

Dye & Durham Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.019 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.42%. Dye & Durham’s payout ratio is currently -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.