Domtar Corp. (UFS) Shares Down 2.6%
Domtar Corp. (NYSE:UFS) shares were down 2.6% on Monday . The stock traded as low as $37.17 and last traded at $37.25, with a volume of 291,863 shares traded. The stock had previously closed at $38.25.
Several research analysts have recently weighed in on UFS shares. UFS reissued a “sell” rating on shares of Domtar Corp. in a research report on Wednesday, May 18th. DA Davidson downgraded shares of Domtar Corp. from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $42.00 to $30.00 in a research report on Friday, July 8th. Zacks Investment Research downgraded shares of Domtar Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. TheStreet raised shares of Domtar Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. Finally, Citigroup Inc. lifted their target price on shares of Domtar Corp. from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.67.
The stock’s 50 day moving average price is $36.88 and its 200-day moving average price is $37.13. The firm has a market capitalization of $2.33 billion and a PE ratio of 26.04.
Domtar Corp. (NYSE:UFS) last released its earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.48. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts predict that Domtar Corp. will post $3.00 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.66 dividend on an annualized basis and a yield of 4.45%.
An institutional investor recently bought a new position in Domtar Corp. stock. Matarin Capital Management LLC bought a new position in shares of Domtar Corp. (NYSE:UFS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 135,941 shares of the company’s stock, valued at approximately $5,023,000. Matarin Capital Management LLC owned about 0.22% of Domtar Corp. as of its most recent filing with the SEC.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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