Dollarama Inc. (OTCMKTS:DLMAF) Stock Now Rated “Buy” by Wall Street Brokerages

Shares of Dollarama Inc. (OTCMKTS:DLMAF) have been given an average rating of “Buy” by the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and five have assigned a strong buy recommendation to the company.

Several analysts have commented on the stock. Ventum Financial upgraded shares of Dollarama to a “strong-buy” rating in a research note on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dollarama in a research note on Thursday, September 17th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Scotiabank restated an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Dollarama in a report on Friday, June 12th.

Dollarama Trading Up 1.4%

Shares of OTCMKTS:DLMAF opened at $131.81 on Friday. Dollarama has a 52-week low of $112.41 and a 52-week high of $160.86. The stock has a market cap of $35.34 billion and a price-to-earnings ratio of 36.61. The company has a quick ratio of 0.54, a current ratio of 1.55 and a debt-to-equity ratio of 3.71. The business has a 50-day moving average price of $130.33 and a 200-day moving average price of $129.52.

Dollarama (OTCMKTS:DLMAF) last issued its earnings results on Wednesday, September 16th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. Dollarama had a return on equity of 96.41% and a net margin of 17.32%.The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Equities analysts predict that Dollarama will post 3.7 EPS for the current year.

About Dollarama

Dollarama Inc is a Canadian value retailer that operates stores offering general merchandise, consumable products and seasonal items at low, fixed price points. Its product selection typically includes household goods, kitchenware, hardware, stationery, party supplies, toys, health and beauty products, snacks and other everyday necessities.

The company traces its origins to 1992, when the first Dollarama store opened in Matane, Quebec. It has since expanded into a nationwide retail network serving communities across Canada, with stores located in urban, suburban and smaller markets.