Domtar (UFS) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of Domtar (NYSE:UFS) (TSE:UFS) from a buy rating to a hold rating in a research report released on Wednesday.

A number of other research analysts have also commented on the company. Zacks Investment Research raised Domtar from a hold rating to a buy rating and set a $56.00 price objective on the stock in a report on Wednesday, December 27th. National Bank Financial increased their price objective on Domtar from $42.00 to $46.00 and gave the company a sector perform rating in a report on Monday, October 30th. Scotiabank set a $41.00 price objective on Domtar and gave the company a sector perform rating in a report on Monday, October 30th. DA Davidson increased their price objective on Domtar to $37.00 and gave the company an underperform rating in a report on Monday, October 30th. Finally, KeyCorp set a $33.00 price objective on Domtar and gave the company a sell rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $43.80.

Shares of Domtar (UFS) traded down $0.59 during midday trading on Wednesday, hitting $50.17. The stock had a trading volume of 632,306 shares, compared to its average volume of 586,433. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 2.29. The firm has a market cap of $3,150.00, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 3.51 and a beta of 1.54. Domtar has a fifty-two week low of $35.47 and a fifty-two week high of $50.97.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, October 27th. The basic materials company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.30. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. Domtar had a return on equity of 6.17% and a net margin of 3.44%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. analysts predict that Domtar will post 2.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, December 29th. Domtar’s dividend payout ratio (DPR) is currently 59.50%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UFS. Sei Investments Co. grew its holdings in Domtar by 239.1% in the 2nd quarter. Sei Investments Co. now owns 9,055 shares of the basic materials company’s stock valued at $347,000 after buying an additional 6,385 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Domtar by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 277,750 shares of the basic materials company’s stock valued at $10,672,000 after buying an additional 11,235 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Domtar by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,092,201 shares of the basic materials company’s stock valued at $41,963,000 after buying an additional 13,708 shares during the last quarter. Legal & General Group Plc grew its holdings in Domtar by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 112,400 shares of the basic materials company’s stock valued at $4,319,000 after buying an additional 5,051 shares during the last quarter. Finally, Comerica Bank grew its holdings in Domtar by 0.3% in the 2nd quarter. Comerica Bank now owns 53,619 shares of the basic materials company’s stock valued at $2,092,000 after buying an additional 171 shares during the last quarter. 91.01% of the stock is currently owned by hedge funds and other institutional investors.

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About Domtar

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 segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

Analyst Recommendations for Domtar (NYSE:UFS)

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