ValuEngine Lowers Domtar (UFS) to Hold

ValuEngine lowered shares of Domtar (NYSE:UFS) (TSE:UFS) from a buy rating to a hold rating in a research report released on Wednesday, January 3rd.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Domtar from a hold rating to a buy rating and set a $56.00 target price for the company in a research note on Wednesday, December 27th. National Bank Financial boosted their target price on Domtar from $42.00 to $46.00 and gave the stock a sector perform rating in a research note on Monday, October 30th. Scotiabank set a $41.00 target price on Domtar and gave the stock a sector perform rating in a research note on Monday, October 30th. DA Davidson boosted their target price on Domtar to $37.00 and gave the stock an underperform rating in a research note on Monday, October 30th. Finally, KeyCorp set a $33.00 target price on Domtar and gave the stock a sell rating in a research note on Friday, October 27th. 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 presently has an average rating of Hold and a consensus target price of $44.80.

Domtar (UFS) opened at $51.23 on Wednesday. Domtar has a 52-week low of $35.47 and a 52-week high of $51.57. The company has a market capitalization of $3,200.00, a PE ratio of 18.36, a PEG ratio of 3.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 2.29.

Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.30. Domtar had a return on equity of 6.17% and a net margin of 3.44%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts predict that Domtar will post 2.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, December 29th. Domtar’s dividend payout ratio is currently 59.50%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Domtar by 1.0% in the second quarter. BlackRock Inc. now owns 10,480,620 shares of the basic materials company’s stock valued at $402,666,000 after buying an additional 103,558 shares during the last quarter. Vanguard Group Inc. lifted its stake in Domtar by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,342,007 shares of the basic materials company’s stock valued at $205,240,000 after buying an additional 53,417 shares during the last quarter. Fairpointe Capital LLC lifted its stake in Domtar by 5.6% in the second quarter. Fairpointe Capital LLC now owns 3,870,164 shares of the basic materials company’s stock valued at $148,692,000 after buying an additional 205,810 shares during the last quarter. State Street Corp lifted its stake in Domtar by 0.5% in the second quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock valued at $68,104,000 after buying an additional 8,827 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Domtar by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 1,097,537 shares of the basic materials company’s stock valued at $47,622,000 after buying an additional 5,336 shares during the last quarter. Institutional investors own 91.01% of the company’s stock.

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About Domtar

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Domtar (NYSE:UFS)

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