Shares of Domtar Corp (NYSE:UFS) (TSE:UFS) have been assigned an average rating of “Hold” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $48.22.
Several research analysts have commented on the company. Bank of America raised Domtar from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 30th. TheStreet downgraded Domtar from a “b” rating to a “c+” rating in a research report on Thursday. Vertical Group downgraded Domtar from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. BMO Capital Markets downgraded Domtar from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $52.00 to $39.00 in a research report on Wednesday, July 3rd. Finally, TD Securities dropped their price target on Domtar from $48.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday.
NYSE UFS traded up $0.23 during trading on Wednesday, hitting $36.22. The company’s stock had a trading volume of 21,872 shares, compared to its average volume of 689,126. The company has a current ratio of 2.20, a quick ratio of 1.11 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $42.52. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 7.81 and a beta of 1.89. Domtar has a 52 week low of $33.81 and a 52 week high of $54.50.
Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.30). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. Domtar had a return on equity of 12.48% and a net margin of 5.21%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, analysts predict that Domtar will post 4.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Tuesday, July 2nd were given a dividend of $0.455 per share. The ex-dividend date was Monday, July 1st. This is a boost from Domtar’s previous quarterly dividend of $0.44. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.02%. Domtar’s payout ratio is currently 39.48%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UFS. Synovus Financial Corp boosted its stake in Domtar by 2.1% in the 1st quarter. Synovus Financial Corp now owns 12,606 shares of the basic materials company’s stock valued at $630,000 after buying an additional 260 shares in the last quarter. Renaissance Group LLC boosted its stake in Domtar by 2.0% in the 1st quarter. Renaissance Group LLC now owns 15,985 shares of the basic materials company’s stock valued at $794,000 after buying an additional 317 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Domtar by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 81,911 shares of the basic materials company’s stock valued at $4,067,000 after buying an additional 355 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Domtar by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,351 shares of the basic materials company’s stock valued at $1,129,000 after buying an additional 360 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Domtar by 5.0% in the 1st quarter. Wedge Capital Management L L P NC now owns 9,733 shares of the basic materials company’s stock valued at $483,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 94.23% 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.
See Also: Hedge Funds – How They Work For Investors
Receive News & Ratings for Domtar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domtar and related companies with MarketBeat.com's FREE daily email newsletter.