Brokerages Set Domtar Corporation (UFS) Target Price at $42.44
Shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $42.44.
A number of equities research analysts have commented on UFS shares. Zacks Investment Research upgraded shares of Domtar Corporation from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a research note on Thursday, October 5th. Citigroup Inc. restated a “sell” rating and set a $40.00 target price (down previously from $41.00) on shares of Domtar Corporation in a research note on Thursday, October 5th. ValuEngine upgraded shares of Domtar Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. KeyCorp set a $33.00 price objective on shares of Domtar Corporation and gave the company a “sell” rating in a research report on Thursday, October 12th. Finally, Scotiabank set a $41.00 price objective on shares of Domtar Corporation and gave the company a “sector perform” rating in a research report on Monday, October 30th.
Domtar Corporation (NYSE UFS) traded down $0.81 during midday trading on Monday, reaching $46.20. 1,159,594 shares of the company’s stock were exchanged, compared to its average volume of 575,922. Domtar Corporation has a 12 month low of $35.47 and a 12 month high of $48.07. The company has a market cap of $2,950.00, a PE ratio of 16.76, a price-to-earnings-growth ratio of 3.48 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 2.29.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last released its earnings results on Friday, October 27th. The basic materials company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.30. Domtar Corporation had a net margin of 3.44% and a return on equity of 6.17%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $1.13 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts predict that Domtar Corporation will post 2.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, December 29th. Domtar Corporation’s payout ratio is currently 59.50%.
In related news, insider Michael Dennis Garcia sold 4,712 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $42.73, for a total value of $201,343.76. Following the sale, the insider now owns 4,712 shares in the company, valued at $201,343.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel Buron sold 4,900 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $40.10, for a total transaction of $196,490.00. Following the completion of the sale, the vice president now owns 15,126 shares in the company, valued at approximately $606,552.60. The disclosure for this sale can be found here. Insiders sold 13,766 shares of company stock worth $569,809 in the last 90 days. 1.04% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System increased its position in Domtar Corporation by 1.9% in the third quarter. California Public Employees Retirement System now owns 255,794 shares of the basic materials company’s stock worth $11,099,000 after purchasing an additional 4,678 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in Domtar Corporation by 176.1% in the third quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 1,853 shares during the last quarter. Point72 Asset Management L.P. increased its position in Domtar Corporation by 727.2% in the third quarter. Point72 Asset Management L.P. now owns 248,157 shares of the basic materials company’s stock worth $10,768,000 after purchasing an additional 218,157 shares during the last quarter. Jane Street Group LLC bought a new stake in Domtar Corporation in the third quarter worth $4,800,000. Finally, Vident Investment Advisory LLC bought a new stake in Domtar Corporation in the third quarter worth $253,000. Institutional investors own 90.42% of the company’s stock.
Domtar Corporation 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 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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