Domtar Corp. (UFS) PT Lowered to $41.00 at Macquarie
A number of other brokerages also recently commented on UFS. Citigroup Inc. boosted their target price on shares of Domtar Corp. from $37.00 to $41.00 and gave the stock a neutral rating in a report on Tuesday, August 2nd. UFS restated a sell rating on shares of Domtar Corp. in a report on Wednesday, May 18th. Zacks Investment Research upgraded shares of Domtar Corp. from a strong sell rating to a hold rating and set a $44.00 price objective on the stock in a report on Friday, July 29th. TheStreet upgraded shares of Domtar Corp. from a hold rating to a buy rating in a report on Wednesday, July 27th. Finally, DA Davidson upped their price objective on shares of Domtar Corp. from $30.00 to $32.00 and gave the company an underperform rating in a report on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Domtar Corp. has an average rating of Hold and a consensus target price of $39.67.
Domtar Corp. (NYSE:UFS) opened at 35.79 on Thursday. Domtar Corp. has a one year low of $29.88 and a one year high of $42.95. The firm’s 50-day moving average is $37.58 and its 200 day moving average is $37.64. The stock has a market cap of $2.24 billion, a P/E ratio of 25.01 and a beta of 1.67.
Domtar Corp. (NYSE:UFS) last announced its earnings results on Wednesday, July 27th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.48. The business earned $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. Domtar Corp. had a net margin of 1.74% and a return on equity of 6.84%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. On average, analysts anticipate that Domtar Corp. will post $2.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a $0.415 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.66 annualized dividend and a yield of 4.64%. Domtar Corp.’s dividend payout ratio is presently 116.08%.
A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Domtar Corp. during the fourth quarter valued at approximately $23,418,000. Wealth Enhancement Advisory Services LLC raised its stake 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 valued at $1,235,000 after buying an additional 5,990 shares in the last quarter. Virginia Retirement System bought a new stake in Domtar Corp. during the first quarter valued at approximately $1,486,000. Ramsey Quantitative Systems raised its stake in Domtar Corp. by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 15,291 shares of the company’s stock valued at $619,000 after buying an additional 792 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Domtar Corp. by 1.0% in the first quarter. IFP Advisors Inc now owns 4,774 shares of the company’s stock valued at $193,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.
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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