Several brokerages have updated their recommendations and price targets on shares of Domtar Corporation (NYSE: UFS) in the last few weeks:

  • 6/14/2017 – Domtar Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/14/2017 – Domtar Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Domtar is seeking growth through profitable investment opportunities with a commitment to pollution-free environment and sustainable practices. The strategic acquisition of Home Delivery Incontinent will expand the Personal Care segment of the company with complementary products. Domtar is also streamlining the cost structure, improving revenue quality and maintaining a healthy cash flow with a disciplined approach to cash utilization. However, on the flip side, the revamped market dynamics following Brexit are expected to affect firms like Domtar, which has significant presence in the U.K., with higher tariff and non-tariff barriers to trade affecting its profitability. Over the past three months, Domtar’s shares have underperformed compared to the Zacks-categorized Paper & Paper Products industry average. Also, fluctuations in the prices and the demand for the company’s pulp and paper products pose as threats.”
  • 6/6/2017 – Domtar Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Given Domtar’s international presence, it often faces unfavorable foreign currency movements, impacting its top-line growth. The revamped market dynamics following Brexit are also expected to affect firms like Domtar, which has significant presence in the U.K., with higher tariff and non-tariff barriers to trade affecting its profitability. In addition, the pulp and paper industry is highly cyclical. Fluctuations in the prices and the demand for the company’s pulp and paper products could further result in lower sales volumes and smaller profit margins. Domtar has even underperformed the industry over the last three months. However, Domtar is seeking growth through profitable investment opportunities with a commitment to pollution-free environment and sustainable practices. The strategic acquisition of Home Delivery Incontinent will likely have a positive impact on the company’s bottom-line in the future.”
  • 6/5/2017 – Domtar Corporation was upgraded by analysts at CIBC from a “sector underperform” rating to a “sector perform” rating.
  • 6/2/2017 – Domtar Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/28/2017 – Domtar Corporation had its price target raised by analysts at Scotiabank from $38.50 to $40.50. They now have a “sector perform” rating on the stock.
  • 4/28/2017 – Domtar Corporation had its “hold” rating reaffirmed by analysts at TD Securities. They now have a $42.00 price target on the stock.
  • 4/28/2017 – Domtar Corporation had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $52.00 price target on the stock.

Shares of Domtar Corporation (NYSE:UFS) opened at 37.25 on Tuesday. Domtar Corporation has a one year low of $32.74 and a one year high of $44.58. The company has a 50 day moving average of $37.28 and a 200-day moving average of $38.81. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 18.26 and a beta of 1.45.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last announced its earnings results on Thursday, April 27th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. Domtar Corporation had a net margin of 2.82% and a return on equity of 6.50%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts anticipate that Domtar Corporation will post $2.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 4.46%. The ex-dividend date is Thursday, June 29th. Domtar Corporation’s payout ratio is 72.17%.

In other news, insider Michael Dennis Garcia sold 15,628 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $38.80, for a total transaction of $606,366.40. Following the completion of the sale, the insider now owns 3,290 shares in the company, valued at approximately $127,652. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Fagan sold 7,507 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $39.60, for a total value of $297,277.20. Following the sale, the insider now owns 14,002 shares of the company’s stock, valued at approximately $554,479.20. The disclosure for this sale can be found here. Insiders sold a total of 26,269 shares of company stock valued at $1,027,531 in the last three months. 1.04% of the stock is currently owned by corporate insiders.

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 segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

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