Domtar Corporation (UFS) Lifted to “Hold” at BidaskClub
Domtar Corporation (NYSE:UFS) (TSE:UFS) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.
UFS has been the subject of several other reports. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $52.00 price target on shares of Domtar Corporation in a research note on Friday, April 28th. Zacks Investment Research cut Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. TD Securities reiterated a “hold” rating and issued a $42.00 price target on shares of Domtar Corporation in a research note on Friday, April 28th. DA Davidson reiterated an “underperform” rating and issued a $32.00 price target (down from $35.00) on shares of Domtar Corporation in a research note on Wednesday, March 29th. Finally, Scotiabank upped their target price on Domtar Corporation from $38.50 to $40.50 and gave the stock a “sector perform” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Domtar Corporation presently has an average rating of “Hold” and an average target price of $41.25.
Shares of Domtar Corporation (NYSE UFS) traded up 1.23% during trading on Wednesday, hitting $39.41. The stock had a trading volume of 306,291 shares. The stock has a market capitalization of $2.47 billion, a P/E ratio of 17.13 and a beta of 1.49. Domtar Corporation has a 12-month low of $33.99 and a 12-month high of $44.58. The stock’s 50-day moving average is $37.53 and its 200-day moving average is $38.52.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Domtar Corporation had a return on equity of 6.50% and a net margin of 2.82%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Analysts predict that Domtar Corporation will post $2.73 EPS for the current fiscal year.
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In other news, insider Michael Dennis Garcia sold 15,628 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $38.80, for a total transaction of $606,366.40. Following the completion of the transaction, the insider now directly owns 3,290 shares in the company, valued at $127,652. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Zygmunt Jablonski sold 3,134 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $39.53, for a total transaction of $123,887.02. Following the transaction, the senior vice president now owns 19,604 shares of the company’s stock, valued at $774,946.12. The disclosure for this sale can be found here. Insiders have sold 26,269 shares of company stock valued at $1,027,531 over the last quarter. Company insiders own 1.04% of the company’s stock.
A number of hedge funds have recently bought and sold shares of UFS. BlackRock Inc. increased its stake in Domtar Corporation by 8,753.9% in the first quarter. BlackRock Inc. now owns 10,377,062 shares of the basic materials company’s stock worth $378,971,000 after buying an additional 10,259,859 shares during the last quarter. Vanguard Group Inc. increased its stake in Domtar Corporation by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,288,590 shares of the basic materials company’s stock worth $193,139,000 after buying an additional 36,676 shares during the last quarter. Fairpointe Capital LLC increased its stake in Domtar Corporation by 29.7% in the first quarter. Fairpointe Capital LLC now owns 3,664,354 shares of the basic materials company’s stock worth $133,822,000 after buying an additional 839,266 shares during the last quarter. State Street Corp increased its stake in Domtar Corporation by 1.9% in the first quarter. State Street Corp now owns 1,763,876 shares of the basic materials company’s stock worth $64,420,000 after buying an additional 32,626 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Domtar Corporation by 31.0% in the first quarter. Advisors Asset Management Inc. now owns 682,107 shares of the basic materials company’s stock worth $24,911,000 after buying an additional 161,497 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.
About Domtar Corporation
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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