Macquarie Cuts Domtar Corp. (UFS) Price Target to $41.00
Domtar Corp. (NYSE:UFS) had its price objective lowered by Macquarie from $45.00 to $41.00 in a research report sent to investors on Thursday morning. Macquarie currently has an outperform rating on the stock.
Other analysts have also recently issued reports about the company. TheStreet upgraded Domtar Corp. from a hold rating to a buy rating in a research report on Wednesday, July 27th. Zacks Investment Research raised Domtar Corp. from a strong sell rating to a hold rating and set a $44.00 price target on the stock in a research note on Friday, July 29th. Citigroup Inc. lifted their price target on Domtar Corp. from $37.00 to $41.00 and gave the stock a neutral rating in a research note on Tuesday, August 2nd. UFS reaffirmed a sell rating on shares of Domtar Corp. in a research note on Wednesday, May 18th. Finally, DA Davidson lifted their price target on Domtar Corp. from $30.00 to $32.00 and gave the stock an underperform rating in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Domtar Corp. currently has an average rating of Hold and an average price target of $39.67.
Shares of Domtar Corp. (NYSE:UFS) opened at 35.76 on Thursday. The firm has a 50-day moving average price of $37.68 and a 200-day moving average price of $37.64. Domtar Corp. has a 1-year low of $29.88 and a 1-year high of $42.95. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 24.99 and a beta of 1.67.
Domtar Corp. (NYSE:UFS) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.48. The business earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Domtar Corp. had a return on equity of 6.84% and a net margin of 1.74%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Equities analysts forecast that Domtar Corp. will post $2.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, September 29th. Domtar Corp.’s dividend payout ratio (DPR) is currently 116.08%.
A number of institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in Domtar Corp. by 22.0% in the second quarter. Sei Investments Co. now owns 3,003 shares of the company’s stock worth $105,000 after buying an additional 542 shares during the period. Invictus RG acquired a new stake in Domtar Corp. during the second quarter worth approximately $118,000. Hussman Strategic Advisors Inc. acquired a new stake in Domtar Corp. during the second quarter worth approximately $123,000. LS Investment Advisors LLC increased its stake in Domtar Corp. by 72.9% in the second quarter. LS Investment Advisors LLC now owns 3,785 shares of the company’s stock worth $133,000 after buying an additional 1,596 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Domtar Corp. by 1.0% in the first quarter. IFP Advisors Inc now owns 4,774 shares of the company’s stock worth $193,000 after buying an additional 49 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.
Domtar Corp. Company Profile
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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