Domtar (NYSE:UFS) (TSE:UFS) was upgraded by research analysts at Vertical Group from a “hold” rating to a “buy” rating in a report released on Friday.

Several other research analysts have also commented on UFS. TD Securities dropped their price objective on shares of Domtar from $51.00 to $45.00 and set a “hold” rating for the company in a research note on Friday. Stephens raised shares of Domtar from an “equal” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday. National Bank Financial dropped their price objective on shares of Domtar from $46.00 to $42.00 and set a “sector perform” rating for the company in a research note on Friday. Royal Bank of Canada raised shares of Domtar from a “sector perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Friday. Finally, Bank of America dropped their price objective on shares of Domtar from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.33.

Shares of Domtar (NYSE UFS) traded up $0.90 on Friday, reaching $43.47. 1,789,777 shares of the company traded hands, compared to its average volume of 790,153. Domtar has a 12 month low of $35.47 and a 12 month high of $52.58. The company has a market capitalization of $3,046.29, a PE ratio of 15.58, a PEG ratio of 3.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 1.20.

Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). Domtar had a return on equity of 6.17% and a net margin of 3.44%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. analysts anticipate that Domtar will post 2.67 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System boosted its stake in shares of Domtar by 1.9% during the third quarter. California Public Employees Retirement System now owns 255,794 shares of the basic materials company’s stock valued at $11,099,000 after purchasing an additional 4,678 shares during the period. AXA purchased a new stake in shares of Domtar during the third quarter valued at $6,530,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Domtar by 4.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 288,828 shares of the basic materials company’s stock valued at $12,533,000 after purchasing an additional 11,078 shares during the period. Sit Investment Associates Inc. boosted its stake in shares of Domtar by 6.4% during the third quarter. Sit Investment Associates Inc. now owns 77,090 shares of the basic materials company’s stock valued at $3,345,000 after purchasing an additional 4,659 shares during the period. Finally, State Street Corp boosted its stake in shares of Domtar by 0.5% during the second quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock valued at $68,104,000 after purchasing an additional 8,827 shares during the period. 90.61% of the stock is owned by hedge funds and other institutional investors.

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Domtar 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.

Analyst Recommendations for Domtar (NYSE:UFS)

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