Domtar Corp. (NYSE:UFS) had its target price cut by Macquarie from $45.00 to $41.00 in a research report report published on Thursday morning. They currently have an outperform rating on the stock.

Analyst Recommendations for Domtar Corp. (NYSE:UFS)

Several other research analysts have also issued reports on UFS. Zacks Investment Research lowered shares of Domtar Corp. from a hold rating to a strong sell rating in a research note on Tuesday, July 12th. 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 price target on shares of Domtar Corp. from $37.00 to $41.00 and gave the stock a neutral rating in a research note on Tuesday, August 2nd. UFS reiterated a sell rating on shares of Domtar Corp. in a research note on Wednesday, May 18th. Finally, DA Davidson increased their price target on shares of Domtar Corp. from $30.00 to $32.00 and gave the stock an underperform rating in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Domtar Corp. presently has an average rating of Hold and a consensus price target of $39.67.

Domtar Corp. (NYSE:UFS) opened at 35.79 on Thursday. Domtar Corp. has a 1-year low of $29.88 and a 1-year high of $42.95. The stock has a market capitalization of $2.24 billion, a PE ratio of 25.01 and a beta of 1.67. The firm has a 50-day moving average of $37.58 and a 200-day moving average of $37.64.

Domtar Corp. (NYSE:UFS) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.61 EPS for the quarter, topping 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 analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts expect that Domtar Corp. will post $2.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 4.64%. The ex-dividend date is Thursday, September 29th. Domtar Corp.’s dividend payout ratio is currently 116.08%.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its position in shares of Domtar Corp. by 6.8% in the second quarter. BlackRock Fund Advisors now owns 6,020,617 shares of the company’s stock valued at $210,782,000 after buying an additional 384,293 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Domtar Corp. by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,138,421 shares of the company’s stock valued at $179,895,000 after buying an additional 587,161 shares in the last quarter. LSV Asset Management increased its position in shares of Domtar Corp. by 1.4% in the second quarter. LSV Asset Management now owns 3,035,059 shares of the company’s stock valued at $106,257,000 after buying an additional 42,334 shares in the last quarter. Fairpointe Capital LLC increased its position in shares of Domtar Corp. by 2.8% in the first quarter. Fairpointe Capital LLC now owns 2,947,034 shares of the company’s stock valued at $119,355,000 after buying an additional 81,538 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Domtar Corp. by 3.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,497,374 shares of the company’s stock valued at $101,144,000 after buying an additional 88,689 shares in the last quarter. 84.60% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:UFS

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