Other analysts have also issued research reports about the company. Zacks Investment Research lowered Domtar Corp. from a buy rating to a hold rating in a research report on Wednesday, August 10th. DA Davidson boosted their target price on Domtar Corp. from $30.00 to $32.00 and gave the company an underperform rating in a research report on Thursday, July 28th. Goldman Sachs Group Inc. began coverage on Domtar Corp. in a research report on Thursday, September 22nd. They issued a neutral rating and a $40.00 target price on the stock. Citigroup Inc. boosted their target price on Domtar Corp. from $37.00 to $41.00 and gave the company a neutral rating in a research report on Tuesday, August 2nd. Finally, TheStreet raised Domtar Corp. from a hold rating to a buy rating in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Domtar Corp. has an average rating of Hold and a consensus target price of $39.71.
Shares of Domtar Corp. (NYSE:UFS) opened at 37.38 on Monday. The stock has a 50 day moving average price of $37.07 and a 200-day moving average price of $37.67. Domtar Corp. has a 52-week low of $29.88 and a 52-week high of $42.95. The firm has a market cap of $2.34 billion, a PE ratio of 26.12 and a beta of 1.64.
Domtar Corp. (NYSE:UFS) last announced its earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.48. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Domtar Corp. had a return on equity of 6.84% and a net margin of 1.74%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, equities analysts anticipate that Domtar Corp. will post $2.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.44%. Domtar Corp.’s payout ratio is currently 116.08%.
Several institutional investors have recently modified their holdings of UFS. Mason Street Advisors LLC purchased a new position in shares of Domtar Corp. during the second quarter worth approximately $999,000. Calvert Investment Management Inc. increased its position in shares of Domtar Corp. by 35.1% in the second quarter. Calvert Investment Management Inc. now owns 8,662 shares of the company’s stock worth $303,000 after buying an additional 2,252 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Domtar Corp. by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 205,472 shares of the company’s stock worth $7,194,000 after buying an additional 6,767 shares during the last quarter. Amalgamated Bank increased its position in shares of Domtar Corp. by 10.1% in the second quarter. Amalgamated Bank now owns 8,475 shares of the company’s stock worth $332,000 after buying an additional 780 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Domtar Corp. by 18.8% in the second quarter. Legal & General Group Plc now owns 68,373 shares of the company’s stock worth $2,387,000 after buying an additional 10,820 shares during the last quarter. Hedge funds and other institutional investors own 84.60% of the company’s stock.
Domtar Corp. Company Profile
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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