Analysts Set Domtar Corporation (UFS) Target Price at $40.78
Domtar Corporation (NYSE:UFS) (TSE:UFS) has been assigned a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.78.
A number of analysts have commented on the company. BidaskClub lowered Domtar Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research lowered Domtar Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Scotiabank decreased their price objective on Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating for the company in a report on Monday, July 31st. ValuEngine raised Domtar Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, KeyCorp assumed coverage on Domtar Corporation in a report on Thursday, July 6th. They set an “underweight” rating and a $33.00 price objective for the company.
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In other news, VP Daniel Buron sold 4,900 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $40.10, for a total value of $196,490.00. Following the completion of the transaction, the vice president now directly owns 15,126 shares of the company’s stock, valued at $606,552.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in UFS. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Domtar Corporation by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock valued at $100,000 after buying an additional 320 shares in the last quarter. LS Investment Advisors LLC raised its position in Domtar Corporation by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock valued at $198,000 after buying an additional 866 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its position in Domtar Corporation by 1.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 5,467 shares of the basic materials company’s stock valued at $200,000 after buying an additional 100 shares in the last quarter. Bridgewater Associates LP acquired a new position in Domtar Corporation during the second quarter valued at about $200,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Domtar Corporation during the second quarter valued at about $218,000. 91.20% of the stock is owned by institutional investors.
Domtar Corporation (NYSE:UFS) traded down 0.20% on Wednesday, reaching $40.36. The company’s stock had a trading volume of 484,939 shares. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58. The company has a market cap of $2.53 billion, a P/E ratio of 15.39 and a beta of 1.49. The firm’s 50-day moving average price is $39.12 and its 200 day moving average price is $38.10.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.31 billion. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. Equities analysts anticipate that Domtar Corporation will post $2.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s dividend payout ratio is presently 63.36%.
Domtar Corporation 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 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.
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