Domtar Corporation (UFS) Receives $42.44 Consensus PT from Analysts
Shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) have received an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.44.
A number of equities research analysts recently commented on UFS shares. Scotiabank set a $41.00 target price on Domtar and gave the stock a “sector perform” rating in a report on Monday, October 30th. ValuEngine raised Domtar from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Citigroup reiterated a “sell” rating and set a $40.00 price target (down from $41.00) on shares of Domtar in a research report on Thursday, October 5th. KeyCorp set a $33.00 price target on Domtar and gave the company a “sell” rating in a research report on Thursday, October 12th. Finally, Stephens started coverage on Domtar in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $43.00 price target for the company.
Domtar (UFS) traded up $0.04 during trading on Friday, hitting $48.19. The company had a trading volume of 282,826 shares, compared to its average volume of 568,508. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 1.20. Domtar has a 12-month low of $35.47 and a 12-month high of $49.26. The firm has a market capitalization of $3,018.70, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 3.65 and a beta of 1.54.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, December 29th. Domtar’s dividend payout ratio is currently 59.50%.
In related news, insider Michael Dennis Garcia sold 4,712 shares of Domtar stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $42.73, for a total transaction of $201,343.76. Following the completion of the transaction, the insider now directly owns 4,712 shares in the company, valued at $201,343.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in UFS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Domtar by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock valued at $100,000 after buying an additional 320 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Domtar by 176.1% in the third quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock valued at $126,000 after buying an additional 1,853 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of Domtar in the second quarter valued at approximately $200,000. Shelton Capital Management purchased a new stake in shares of Domtar in the third quarter valued at approximately $206,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Domtar in the third quarter valued at approximately $224,000. Institutional investors own 91.32% of the company’s stock.
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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