Domtar Corp Forecasted to Post FY2019 Earnings of $3.66 Per Share (UFS)
Domtar Corp (TSE:UFS) (NYSE:UFS) – National Bank Financial lifted their FY2019 EPS estimates for Domtar Corp in a research report issued on Sunday. National Bank Financial analyst L. Aghazarian now anticipates that the company will earn $3.66 per share for the year, up from their previous forecast of $3.45. National Bank Financial currently has a “Sector Perform” rating and a $59.00 target price on the stock.
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Separately, Scotiabank increased their price objective on shares of Domtar Corp to C$50.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$59.70.
Shares of Domtar Corp (TSE:UFS) traded up 3.53% during mid-day trading on Tuesday, hitting $61.08. The company’s stock had a trading volume of 95,098 shares. Domtar Corp has a 1-year low of $45.48 and a 1-year high of $61.37. The company has a 50-day moving average price of $54.19 and a 200-day moving average price of $51.00. The stock has a market cap of $3.83 billion and a PE ratio of 23.30.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were paid a $0.415 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.66 annualized dividend and a yield of 2.72%.
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 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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