Domtar Corp. (UFS) Upgraded to Neutral at Moffett Nathanson
A number of other analysts have also weighed in on the company. DA Davidson lowered Domtar Corp. from a neutral rating to an underperform rating and cut their price objective for the stock from $42.00 to $30.00 in a research report on Friday, July 8th. Zacks Investment Research raised Domtar Corp. from a hold rating to a strong-buy rating and set a $44.00 price objective on the stock in a research report on Wednesday, September 7th. Macquarie cut their price objective on Domtar Corp. from $45.00 to $41.00 and set an outperform rating on the stock in a research report on Thursday, September 15th. Goldman Sachs Group Inc. initiated coverage on Domtar Corp. in a research report on Thursday, September 22nd. They set a neutral rating and a $40.00 price objective on the stock. Finally, Citigroup Inc. upped their price objective on Domtar Corp. from $37.00 to $41.00 and gave the stock a neutral rating in a research report on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Domtar Corp. presently has a consensus rating of Hold and an average target price of $39.71.
Shares of Domtar Corp. (NYSE:UFS) opened at 37.38 on Monday. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 26.12 and a beta of 1.64. Domtar Corp. has a 12-month low of $29.88 and a 12-month high of $42.95. The firm’s 50-day moving average price is $37.07 and its 200 day moving average price is $37.67.
Domtar Corp. (NYSE:UFS) last announced 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. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Domtar Corp. had a return on equity of 6.84% and a net margin of 1.74%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, analysts predict that Domtar Corp. will post $2.93 earnings per share 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 $0.415 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.66 annualized dividend and a yield of 4.44%. Domtar Corp.’s dividend payout ratio is presently 116.08%.
A number of institutional investors have recently added to or reduced their stakes in UFS. IFP Advisors Inc increased its position in Domtar Corp. by 1.0% in the first quarter. IFP Advisors Inc now owns 4,774 shares of the company’s stock valued at $193,000 after buying an additional 49 shares in the last quarter. Boston Advisors LLC increased its position in Domtar Corp. by 0.6% in the second quarter. Boston Advisors LLC now owns 9,425 shares of the company’s stock valued at $330,000 after buying an additional 60 shares in the last quarter. State Treasurer State of Michigan increased its position in Domtar Corp. by 0.4% in the second quarter. State Treasurer State of Michigan now owns 25,100 shares of the company’s stock valued at $879,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Domtar Corp. by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 9,588 shares of the company’s stock valued at $336,000 after buying an additional 141 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Domtar Corp. by 4.4% in the second quarter. Ameritas Investment Partners Inc. now owns 9,896 shares of the company’s stock valued at $346,000 after buying an additional 418 shares in the last quarter. Institutional investors own 84.60% of the company’s stock.
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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