TD Has Lowered Expectations for Dorel Industries (TSE:DII.B) Stock Price

Dorel Industries (TSE:DII.B) had its price target reduced by investment analysts at TD from C$2.00 to C$1.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD’s price target would indicate a potential downside of 6.25% from the stock’s current price.

Dorel Industries Trading Up 15.9%

DII.B stock traded up C$0.22 on Friday, hitting C$1.60. 174,027 shares of the company were exchanged, compared to its average volume of 21,846. The company has a debt-to-equity ratio of 287.70, a current ratio of 1.45 and a quick ratio of 0.64. The stock has a market capitalization of C$55.39 million, a price-to-earnings ratio of -0.37, a price-to-earnings-growth ratio of -0.11 and a beta of 0.72. Dorel Industries has a twelve month low of C$1.10 and a twelve month high of C$2.40. The business’s fifty day moving average is C$1.59 and its two-hundred day moving average is C$1.69.

Dorel Industries (TSE:DII.B) last announced its quarterly earnings results on Thursday, May 7th. The company reported C($0.90) earnings per share for the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%. The company had revenue of C$372.38 million during the quarter. As a group, research analysts forecast that Dorel Industries will post 0.7015306 earnings per share for the current year.

Dorel Industries Company Profile

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.