Domtar Corporation (UFS) Downgraded by BidaskClub to Sell
BidaskClub lowered shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) from a hold rating to a sell rating in a report issued on Thursday morning.
Other equities analysts also recently issued reports about the company. ValuEngine raised Domtar Corporation from a hold rating to a buy rating in a research report on Thursday, July 6th. Zacks Investment Research raised Domtar Corporation from a sell rating to a hold rating in a research report on Wednesday, June 14th. TD Securities reissued a hold rating and issued a $42.00 target price on shares of Domtar Corporation in a research report on Friday, April 28th. Citigroup Inc. reissued a neutral rating and issued a $39.00 target price (down from $41.00) on shares of Domtar Corporation in a research report on Friday, April 14th. Finally, Raymond James Financial, Inc. reissued an outperform rating and issued a $52.00 target price on shares of Domtar Corporation in a research report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $41.25.
Domtar Corporation (UFS) traded up 0.61% during trading on Thursday, hitting $39.57. The stock had a trading volume of 118,129 shares. The company’s 50 day moving average is $38.04 and its 200 day moving average is $38.49. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58. The firm has a market cap of $2.48 billion, a PE ratio of 15.09 and a beta of 1.49.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last released its earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $0.61 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. Equities research analysts forecast that Domtar Corporation will post $2.67 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 4.22%. The ex-dividend date was Thursday, June 29th. Domtar Corporation’s payout ratio is 63.36%.
In other news, insider Michael Dennis Garcia sold 15,628 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $38.80, for a total transaction of $606,366.40. Following the sale, the insider now directly owns 3,290 shares of the company’s stock, valued at approximately $127,652. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.04% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Texas Permanent School Fund raised its stake in Domtar Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 45,697 shares of the basic materials company’s stock valued at $1,756,000 after buying an additional 381 shares during the last quarter. Ingalls & Snyder LLC raised its stake in Domtar Corporation by 3.8% in the second quarter. Ingalls & Snyder LLC now owns 11,000 shares of the basic materials company’s stock valued at $423,000 after buying an additional 400 shares during the last quarter. Palouse Capital Management Inc. raised its stake in Domtar Corporation by 41.5% in the second quarter. Palouse Capital Management Inc. now owns 89,300 shares of the basic materials company’s stock valued at $3,431,000 after buying an additional 26,182 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Domtar Corporation by 5.0% in the second quarter. Great West Life Assurance Co. Can now owns 39,422 shares of the basic materials company’s stock valued at $1,514,000 after buying an additional 1,895 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Domtar Corporation during the second quarter valued at about $218,000. 83.08% of the stock is currently owned by institutional investors and hedge funds.
Domtar Corporation Company Profile
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.
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