Domtar Corporation (UFS) Stock Rating Reaffirmed by Vertical Research
A number of other equities research analysts also recently weighed in on UFS. Citigroup Inc. reaffirmed a neutral rating and set a $39.00 price target (down from $41.00) on shares of Domtar Corporation in a research note on Friday, April 14th. Raymond James Financial, Inc. reaffirmed an outperform rating and set a $52.00 price target on shares of Domtar Corporation in a research note on Friday, April 28th. TD Securities reaffirmed a hold rating and set a $42.00 price target on shares of Domtar Corporation in a research note on Friday, April 28th. Scotiabank raised their price target on Domtar Corporation from $38.50 to $40.50 and gave the stock a sector perform rating in a research note on Friday, April 28th. Finally, ValuEngine lowered Domtar Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Domtar Corporation presently has an average rating of Hold and a consensus price target of $41.20.
Shares of Domtar Corporation (UFS) traded down 1.51% during mid-day trading on Friday, hitting $38.47. The stock had a trading volume of 147,683 shares. The company has a 50-day moving average of $38.10 and a 200 day moving average of $38.46. Domtar Corporation has a one year low of $33.99 and a one year high of $44.58. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 14.67 and a beta of 1.49.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business earned $0.61 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that Domtar Corporation will post $2.67 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, June 29th. Domtar Corporation’s dividend payout ratio is 63.36%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC raised its stake in Domtar Corporation by 140.4% in the second quarter. Algert Global LLC now owns 59,200 shares of the basic materials company’s stock worth $2,274,000 after buying an additional 34,578 shares during the period. TD Asset Management Inc. raised its stake in Domtar Corporation by 2.0% in the second quarter. TD Asset Management Inc. now owns 31,870 shares of the basic materials company’s stock worth $1,224,000 after buying an additional 630 shares during the period. Sei Investments Co. raised its stake in Domtar Corporation by 239.1% in the second quarter. Sei Investments Co. now owns 9,055 shares of the basic materials company’s stock worth $347,000 after buying an additional 6,385 shares during the period. 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 worth $1,756,000 after buying an additional 381 shares during the period. Finally, 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 worth $423,000 after buying an additional 400 shares during the period. 83.08% of the stock is currently owned by hedge funds and other institutional investors.
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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