Raymond James set a $49.00 price target on Domtar (NYSE:UFS) (TSE:UFS) in a research note released on Thursday morning. The firm currently has a hold rating on the basic materials company’s stock.
A number of other analysts have also weighed in on the stock. Vertical Research upgraded shares of Domtar from a hold rating to a buy rating and set a $54.00 target price on the stock in a research note on Thursday. TheStreet lowered shares of Domtar from a b rating to a c+ rating in a research note on Wednesday, October 24th. ValuEngine lowered shares of Domtar from a buy rating to a hold rating in a research note on Friday, October 12th. Zacks Investment Research upgraded shares of Domtar from a hold rating to a buy rating and set a $55.00 target price on the stock in a research note on Friday, October 12th. Finally, Citigroup cut their target price on shares of Domtar from $53.00 to $51.00 and set a neutral rating on the stock in a research note on Thursday, October 11th. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Domtar presently has a consensus rating of Hold and a consensus price target of $49.38.
Shares of UFS stock traded up $0.98 during trading hours on Thursday, reaching $48.00. 883,819 shares of the stock were exchanged, compared to its average volume of 728,665. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.31 and a current ratio of 2.37. Domtar has a 12-month low of $40.72 and a 12-month high of $54.50. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.51 and a beta of 1.55.
Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Thursday, November 1st. The basic materials company reported $1.46 earnings per share for the quarter, topping 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 analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that Domtar will post 3.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Tuesday, October 2nd were paid a $0.435 dividend. The ex-dividend date was Monday, October 1st. This represents a $1.74 annualized dividend and a yield of 3.63%. Domtar’s dividend payout ratio is currently 66.92%.
A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. purchased a new position in Domtar in the third quarter valued at approximately $683,000. Chicago Equity Partners LLC increased its stake in Domtar by 11.4% in the third quarter. Chicago Equity Partners LLC now owns 322,695 shares of the basic materials company’s stock valued at $16,835,000 after purchasing an additional 33,125 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Domtar in the third quarter valued at approximately $1,470,000. WBI Investments Inc. increased its stake in Domtar by 18.7% in the third quarter. WBI Investments Inc. now owns 174,752 shares of the basic materials company’s stock valued at $9,117,000 after purchasing an additional 27,582 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Domtar by 1.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 530,849 shares of the basic materials company’s stock valued at $27,696,000 after purchasing an additional 5,106 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.
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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