Domtar Corp. (UFS) Stock Rating Upgraded by Bank of America Corp.
Several other equities research analysts have also recently commented on the stock. Goldman Sachs Group Inc. began coverage on shares of Domtar Corp. in a research report on Thursday, September 22nd. They issued a neutral rating and a $40.00 price target on the stock. Macquarie dropped their price target on shares of Domtar Corp. from $45.00 to $41.00 and set an outperform rating on the stock in a research report on Thursday, September 15th. Zacks Investment Research upgraded shares of Domtar Corp. from a hold rating to a strong-buy rating and set a $44.00 price target on the stock in a research report on Wednesday, September 7th. 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. Finally, TheStreet raised Domtar Corp. from a hold rating to a buy rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Domtar Corp. presently has an average rating of Hold and an average target price of $39.71.
Domtar Corp. (NYSE:UFS) opened at 38.35 on Monday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 26.80 and a beta of 1.64. The company has a 50-day moving average of $37.06 and a 200 day moving average of $37.68. Domtar Corp. has a 12-month low of $29.88 and a 12-month high of $42.95.
Domtar Corp. (NYSE:UFS) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.13 by $0.48. Domtar Corp. had a net margin of 1.74% and a return on equity of 6.84%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business earned $0.61 earnings per share. Domtar Corp.’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Domtar Corp. will post $2.93 earnings per share for the current 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 paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.66 annualized dividend and a yield of 4.33%. Domtar Corp.’s dividend payout ratio (DPR) is presently 116.08%.
A number of institutional investors have recently added to or reduced their stakes in UFS. Sei Investments Co. boosted 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 valued at $105,000 after buying an additional 542 shares during the period. Invictus RG acquired a new position in Domtar Corp. during the second quarter valued at $118,000. Hussman Strategic Advisors Inc. acquired a new position in Domtar Corp. during the second quarter valued at $123,000. LS Investment Advisors LLC boosted its position in Domtar Corp. by 72.9% in the second quarter. LS Investment Advisors LLC now owns 3,785 shares of the company’s stock valued at $133,000 after buying an additional 1,596 shares during the period. Finally, IFP Advisors Inc boosted 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 during the period. 84.60% 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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