Domtar Corp. (NYSE:UFS) was upgraded by equities research analysts at Moffett Nathanson from an “underperform” rating to a “neutral” rating in a report issued on Monday.
Other equities research analysts have also recently issued reports about the company. TheStreet raised Domtar Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research raised Domtar Corp. from a “strong sell” rating to a “hold” rating and set a $44.00 price objective for the company in a research note on Friday, July 29th. Citigroup Inc. lifted their price objective on Domtar Corp. from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Bank of America Corp. raised Domtar Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday. Finally, Goldman Sachs Group Inc. started coverage on Domtar Corp. in a research note on Thursday, September 22nd. They set a “neutral” rating and a $40.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Domtar Corp. presently has an average rating of “Hold” and an average price target of $39.71.
Domtar Corp. (NYSE:UFS) traded up 0.73% during midday trading on Monday, hitting $37.40. The stock had a trading volume of 483,625 shares. The stock has a 50-day moving average of $37.08 and a 200-day moving average of $37.66. The firm has a market cap of $2.34 billion, a P/E ratio of 26.14 and a beta of 1.64. Domtar Corp. has a 52 week low of $29.88 and a 52 week high of $42.95.
Domtar Corp. (NYSE:UFS) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.48. Domtar Corp. had a return on equity of 6.84% and a net margin of 1.74%. The business earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts forecast that Domtar Corp. will post $2.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.415 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.66 annualized dividend and a dividend yield of 4.47%. Domtar Corp.’s dividend payout ratio is currently 116.08%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in Domtar Corp. by 6.8% in the second quarter. BlackRock Fund Advisors now owns 6,020,617 shares of the company’s stock valued at $210,782,000 after buying an additional 384,293 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Domtar Corp. by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,138,421 shares of the company’s stock valued at $179,895,000 after buying an additional 587,161 shares during the last quarter. LSV Asset Management raised its stake in Domtar Corp. by 1.4% in the second quarter. LSV Asset Management now owns 3,035,059 shares of the company’s stock valued at $106,257,000 after buying an additional 42,334 shares during the last quarter. Fairpointe Capital LLC raised its stake in Domtar Corp. by 2.8% in the first quarter. Fairpointe Capital LLC now owns 2,947,034 shares of the company’s stock valued at $119,355,000 after buying an additional 81,538 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Domtar Corp. by 3.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,497,374 shares of the company’s stock valued at $101,144,000 after buying an additional 88,689 shares during the last quarter. 84.60% of the stock is owned by institutional investors.
About Domtar Corp.
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 operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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