Brokerages Set Domtar Corp (TSE:UFS) Price Target at $43.70
Shares of Domtar Corp (TSE:UFS) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$43.70.
UFS has been the topic of several recent analyst reports. Goldman Sachs Group Inc. initiated coverage on shares of Domtar Corp in a report on Thursday, September 22nd. They issued a “neutral” rating on the stock. TD Securities lifted their target price on shares of Domtar Corp from C$41.00 to C$42.00 and gave the stock a “hold” rating in a report on Thursday, July 28th.
Shares of Domtar Corp (TSE:UFS) opened at 50.66 on Tuesday. The firm has a 50 day moving average of $48.41 and a 200 day moving average of $48.88. Domtar Corp has a 52 week low of $41.62 and a 52 week high of $56.23. The firm has a market cap of $3.17 billion and a price-to-earnings ratio of 35.40.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be issued a dividend of $0.415 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.66 annualized dividend and a dividend yield of 3.28%.
About Domtar Corp
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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