Brokerages Set Domtar Corp. (NYSE:UFS) Target Price at $39.67
Shares of Domtar Corp. (NYSE:UFS) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $39.67.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Domtar Corp. from a “strong sell” rating to a “hold” rating and set a $44.00 target price for the company in a research note on Friday, July 29th. DA Davidson increased their target price on shares of Domtar Corp. from $30.00 to $32.00 and gave the company an “underperform” rating in a research note on Thursday, July 28th. TheStreet upgraded shares of Domtar Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Citigroup Inc. increased their target price on shares of Domtar Corp. from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Finally, Macquarie reduced their target price on shares of Domtar Corp. from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Domtar Corp. during the fourth quarter worth about $23,418,000. First American Bank boosted its position in Domtar Corp. by 28.1% in the first quarter. First American Bank now owns 74,166 shares of the company’s stock worth $3,004,000 after buying an additional 16,251 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Domtar Corp. by 24.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,679 shares of the company’s stock worth $1,235,000 after buying an additional 5,990 shares during the period. Virginia Retirement System purchased a new position in Domtar Corp. during the first quarter worth about $1,486,000. Finally, Ramsey Quantitative Systems boosted its position in Domtar Corp. by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 15,291 shares of the company’s stock worth $619,000 after buying an additional 792 shares during the period. Institutional investors own 84.68% of the company’s stock.
Domtar Corp. (NYSE:UFS) opened at 35.38 on Wednesday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 24.72 and a beta of 1.67. The firm’s 50-day moving average price is $38.01 and its 200-day moving average price is $37.64. Domtar Corp. has a 52 week low of $29.88 and a 52 week high of $42.95.
Domtar Corp. (NYSE:UFS) last released its earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.48. Domtar Corp. had a net margin of 1.74% and a return on equity of 6.84%. The business earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Domtar Corp. will post $2.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, September 29th. Domtar Corp.’s dividend payout ratio (DPR) is currently 116.08%.
About Domtar Corp.
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 operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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