Domtar Corporation (NYSE:UFS) Receiving Somewhat Favorable Press Coverage, Accern Reports
News articles about Domtar Corporation (NYSE:UFS) (TSE:UFS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Domtar Corporation earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 47.9245434691382 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Domtar Corporation (UFS) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Domtar Corp. breached its 50 day moving average in a Bearish Manner : UFS-US : August 4, 2017 (finance.yahoo.com)
- Domtar Corporation (UFS) to Issue Quarterly Dividend of $0.42 (americanbankingnews.com)
- Q4 2017 EPS Estimates for Domtar Corporation (UFS) Lowered by Analyst (americanbankingnews.com)
- Q4 2017 EPS Estimates for Domtar Corporation Lowered by DA Davidson (NYSE:UFS) (americanbankingnews.com)
Domtar Corporation (UFS) traded up 1.59% during midday trading on Friday, hitting $38.39. 520,406 shares of the stock traded hands. The company’s 50 day moving average is $38.13 and its 200-day moving average is $38.45. Domtar Corporation has a one year low of $33.99 and a one year high of $44.58. The company has a market cap of $2.40 billion, a P/E ratio of 14.64 and a beta of 1.49.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Domtar Corporation will post $2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.415 per share. The ex-dividend date is Friday, September 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.32%. Domtar Corporation’s dividend payout ratio (DPR) is 63.36%.
UFS has been the topic of several analyst reports. Citigroup Inc. reaffirmed a “neutral” rating and set a $39.00 price target (down from $41.00) on shares of Domtar Corporation in a research report on Friday, April 14th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $52.00 price target on shares of Domtar Corporation in a research report on Friday, April 28th. TD Securities reaffirmed a “hold” rating and set a $42.00 price target on shares of Domtar Corporation in a research report on Friday, April 28th. Scotiabank increased their price target on Domtar Corporation from $38.50 to $40.50 and gave the stock a “sector perform” rating in a research report on Friday, April 28th. Finally, ValuEngine downgraded Domtar Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Domtar Corporation has an average rating of “Hold” and a consensus price target of $41.20.
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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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