ValuEngine cut shares of Domtar (NYSE:UFS) (TSE:UFS) from a buy rating to a hold rating in a research report report published on Friday morning.
Several other equities analysts have also recently commented on UFS. Citigroup lifted their target price on shares of Domtar from $41.00 to $44.00 and gave the stock a sell rating in a research report on Tuesday, July 10th. TheStreet cut shares of Domtar from a b- rating to a c+ rating in a research report on Monday, July 9th. National Bank Financial lifted their price target on shares of Domtar from $45.00 to $48.00 and gave the stock a sector perform rating in a report on Monday, July 30th. KeyCorp raised shares of Domtar from an underweight rating to a sector weight rating in a report on Wednesday, August 1st. Finally, Royal Bank of Canada lifted their price target on shares of Domtar from $52.00 to $54.00 and gave the stock an outperform rating in a report on Thursday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Domtar has a consensus rating of Hold and a consensus price target of $47.50.
Shares of Domtar stock traded down $0.21 during mid-day trading on Friday, hitting $44.81. 537,686 shares of the stock were exchanged, compared to its average volume of 645,929. Domtar has a 12 month low of $40.72 and a 12 month high of $54.50. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.28 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.72 and a beta of 1.57.
Domtar (NYSE:UFS) (TSE:UFS) last posted its earnings results on Wednesday, August 1st. The basic materials company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.12). Domtar had a positive return on equity of 7.79% and a negative net margin of 3.25%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business earned $0.61 EPS. Domtar’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts anticipate that Domtar will post 3.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Tuesday, October 2nd will be issued a dividend of $0.435 per share. The ex-dividend date is Monday, October 1st. This represents a $1.74 dividend on an annualized basis and a yield of 3.88%. Domtar’s payout ratio is 66.92%.
A number of hedge funds have recently modified their holdings of the business. Point72 Asia Hong Kong Ltd grew its position in shares of Domtar by 3,432.7% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,568 shares of the basic materials company’s stock valued at $152,000 after purchasing an additional 3,467 shares in the last quarter. Bank of Hawaii purchased a new position in shares of Domtar during the 2nd quarter valued at $201,000. World Asset Management Inc purchased a new position in shares of Domtar during the 2nd quarter valued at $211,000. LPL Financial LLC purchased a new position in shares of Domtar during the 1st quarter valued at $213,000. Finally, Element Capital Management LLC purchased a new position in shares of Domtar during the 1st quarter valued at $224,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Domtar Company Profile
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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