Domtar Corp (NYSE:UFS) (TSE:UFS) has received a consensus rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $49.38.
Several analysts have recently weighed in on UFS shares. Vertical Group lowered shares of Domtar from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a report on Thursday, September 13th. They noted that the move was a valuation call. Vertical Research lowered shares of Domtar to a “hold” rating and set a $54.00 price objective for the company. in a report on Thursday, September 13th. Citigroup raised shares of Domtar from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $47.00 to $53.00 in a report on Friday, September 7th. Zacks Investment Research lowered shares of Domtar from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. Finally, BMO Capital Markets raised their price objective on shares of Domtar from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, August 13th.
NYSE:UFS traded up $0.72 during mid-day trading on Monday, hitting $48.72. The company’s stock had a trading volume of 686,100 shares, compared to its average volume of 655,463. Domtar has a fifty-two week low of $40.72 and a fifty-two week high of $54.50. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $3.02 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.51 and a beta of 1.55.
Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Thursday, November 1st. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts expect that Domtar will post 3.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Tuesday, October 2nd were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Monday, October 1st. Domtar’s payout ratio is 66.92%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Domtar by 2.5% in the first quarter. Principal Financial Group Inc. now owns 273,787 shares of the basic materials company’s stock valued at $11,647,000 after purchasing an additional 6,663 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Domtar by 166.2% in the second quarter. Renaissance Technologies LLC now owns 223,442 shares of the basic materials company’s stock valued at $10,667,000 after purchasing an additional 139,500 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Domtar in the second quarter valued at approximately $547,000. BlackRock Inc. increased its holdings in shares of Domtar by 2.1% in the second quarter. BlackRock Inc. now owns 7,773,497 shares of the basic materials company’s stock valued at $371,108,000 after purchasing an additional 158,605 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Domtar in the third quarter valued at approximately $451,000. 90.64% of the stock is owned by institutional investors.
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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