Domtar (NYSE:UFS) (TSE:UFS) had its price objective decreased by National Bank Financial from $46.00 to $42.00 in a research note issued to investors on Friday morning. National Bank Financial currently has a sector perform rating on the basic materials company’s stock. National Bank Financial also issued estimates for Domtar’s Q3 2018 earnings at $0.83 EPS and FY2019 earnings at $2.99 EPS.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Domtar from a hold rating to a buy rating and set a $56.00 target price on the stock in a research report on Wednesday, December 27th. KeyCorp set a $33.00 target price on shares of Domtar and gave the stock a sell rating in a research report on Thursday, October 12th. Scotiabank set a $41.00 target price on shares of Domtar and gave the stock a sector perform rating in a research report on Monday, October 30th. Royal Bank of Canada cut shares of Domtar from an outperform rating to a sector perform rating and set a $50.00 target price on the stock. in a research report on Friday, January 12th. They noted that the move was a valuation call. Finally, Stephens set a $53.00 target price on shares of Domtar and gave the stock a hold rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Domtar has a consensus rating of Hold and an average target price of $44.33.

Shares of Domtar (NYSE UFS) opened at $43.47 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.24 and a quick ratio of 1.20. Domtar has a 12-month low of $35.47 and a 12-month high of $52.58. The stock has a market cap of $2,668.87, a P/E ratio of -12.86, a P/E/G ratio of 2.84 and a beta of 1.56.

Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.05). Domtar had a positive return on equity of 6.00% and a negative net margin of 4.11%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $0.75 earnings per share. Domtar’s revenue was up 4.9% on a year-over-year basis. analysts anticipate that Domtar will post 2.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.00%. This is a boost from Domtar’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, March 29th. Domtar’s payout ratio is -49.11%.

A number of hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System raised 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 approximately $6,530,000. Schwab Charles Investment Management Inc. raised 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. raised 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 raised 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 currently owned by hedge funds and other institutional investors.

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About Domtar

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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