Domtar (NYSE:UFS) (TSE:UFS) had its target price lowered by Citigroup from $52.00 to $38.00 in a research note issued to investors on Monday morning. Citigroup currently has a neutral rating on the basic materials company’s stock.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Domtar from a hold rating to a buy rating and set a $55.00 price objective on the stock in a research report on Friday, October 12th. Vertical Research raised shares of Domtar from a hold rating to a buy rating and set a $54.00 price objective on the stock in a research report on Thursday, November 1st. TheStreet downgraded shares of Domtar from a b rating to a c+ rating in a research report on Wednesday, October 24th. ValuEngine downgraded shares of Domtar from a buy rating to a hold rating in a research report on Friday, October 12th. Finally, Vertical Group downgraded shares of Domtar from a buy rating to a hold rating and set a $54.00 price objective on the stock. in a research report on Thursday, September 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Domtar presently has an average rating of Hold and a consensus price target of $48.31.

NYSE UFS opened at $41.96 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2.28 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.43 and a beta of 1.58. Domtar has a 12 month low of $33.81 and a 12 month high of $54.50.

Domtar (NYSE:UFS) (TSE:UFS) last posted its earnings results on Thursday, November 1st. The basic materials company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.32. Domtar had a negative net margin of 2.67% and a positive return on equity of 9.13%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that Domtar will post 4.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Monday, December 31st. Domtar’s payout ratio is currently 66.92%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama raised its position in Domtar by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 81,556 shares of the basic materials company’s stock worth $2,865,000 after acquiring an additional 277 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Domtar by 4.2% during the third quarter. Vanguard Group Inc now owns 6,430,521 shares of the basic materials company’s stock worth $335,480,000 after buying an additional 257,488 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Domtar by 5.2% during the third quarter. Federated Investors Inc. PA now owns 202,562 shares of the basic materials company’s stock worth $10,568,000 after buying an additional 10,086 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Domtar during the third quarter worth about $8,105,000. Finally, Vanguard Group Inc. grew its holdings in shares of Domtar by 4.2% during the third quarter. Vanguard Group Inc. now owns 6,430,521 shares of the basic materials company’s stock worth $335,480,000 after buying an additional 257,488 shares in the last quarter. Institutional investors own 89.86% of the company’s stock.

About Domtar

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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Analyst Recommendations for Domtar (NYSE:UFS)

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