Domtar Corp (UFS) Receives Consensus Recommendation of “Hold” from Analysts
Domtar Corp (NYSE:UFS) (TSE:UFS) has earned an average rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $48.64.
Several brokerages have commented on UFS. ValuEngine upgraded Domtar from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. Raymond James restated a “market perform” rating and set a $52.00 price target on shares of Domtar in a research note on Wednesday, February 6th. Royal Bank of Canada lowered Domtar from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $50.00 to $55.00 in a research note on Wednesday, February 6th. Citigroup dropped their price target on Domtar from $52.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, January 7th. Finally, National Bank Financial restated a “sector perform” rating and set a $48.00 price target on shares of Domtar in a research note on Monday, December 10th.
In other news, SVP Zygmunt Jablonski sold 2,864 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $52.17, for a total value of $149,414.88. Following the completion of the sale, the senior vice president now owns 20,128 shares in the company, valued at $1,050,077.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Fagan sold 11,834 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $51.13, for a total value of $605,072.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,129 shares of company stock valued at $7,765,651. Insiders own 0.95% of the company’s stock.
Domtar stock traded down $0.01 during trading on Thursday, hitting $49.01. The company’s stock had a trading volume of 3,026 shares, compared to its average volume of 679,891. The firm has a market capitalization of $3.11 billion, a P/E ratio of 10.71, a PEG ratio of 1.73 and a beta of 2.02. Domtar has a 1-year low of $33.81 and a 1-year high of $54.50. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 0.34.
Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Tuesday, February 5th. The basic materials company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. Domtar had a return on equity of 11.59% and a net margin of 5.19%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. As a group, equities analysts predict that Domtar will post 5.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd will be paid a $0.435 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.55%. Domtar’s dividend payout ratio (DPR) is currently 37.74%.
Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.
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