National Bank Financial Analysts Give CanWel Building Materials Group (CWX) a C$4.50 Price Target

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National Bank Financial set a C$4.50 price target on CanWel Building Materials Group (TSE:CWX) in a research note issued to investors on Friday, BayStreet.CA reports.

Several other research analysts have also issued reports on the stock. Raymond James lowered shares of CanWel Building Materials Group from an outperform rating to a market perform rating and cut their target price for the stock from C$6.50 to C$5.00 in a research report on Monday, March 4th. CIBC cut their target price on shares of CanWel Building Materials Group from C$5.50 to C$5.25 in a research report on Monday, January 14th.

Shares of TSE:CWX opened at C$4.45 on Friday. CanWel Building Materials Group has a 52-week low of C$4.19 and a 52-week high of C$7.44. The firm has a market capitalization of $370.84 million and a P/E ratio of 11.53. The company has a quick ratio of 0.85, a current ratio of 3.15 and a debt-to-equity ratio of 84.72.

CanWel Building Materials Group (TSE:CWX) last announced its earnings results on Tuesday, March 5th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.03). The company had revenue of C$264.04 million for the quarter, compared to the consensus estimate of C$274.64 million. Sell-side analysts predict that CanWel Building Materials Group will post 0.449999995408163 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.56 annualized dividend and a yield of 12.58%. CanWel Building Materials Group’s dividend payout ratio (DPR) is presently 145.08%.

In related news, Director Harry Rosenfeld bought 17,762 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of C$4.32 per share, for a total transaction of C$76,731.84. Following the completion of the transaction, the director now owns 54,555 shares of the company’s stock, valued at C$235,677.60.

About CanWel Building Materials Group

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and d├ęcor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.

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