Domtar Corporation (NYSE:UFS) (TSE:UFS) – Stock analysts at National Bank Financial upped their FY2019 EPS estimates for shares of Domtar Corporation in a research note issued on Sunday. National Bank Financial analyst L. Aghazarian now expects that the basic materials company will earn $2.86 per share for the year, up from their previous forecast of $2.76. National Bank Financial has a “Sector Perform” rating and a $46.00 price target on the stock.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Domtar Corporation had a net margin of 3.44% and a return on equity of 6.17%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 earnings per share.

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Several other analysts also recently weighed in on UFS. Stephens began coverage on shares of Domtar Corporation in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $43.00 price objective on the stock. DA Davidson lifted their price objective on shares of Domtar Corporation to $37.00 and gave the company an “underperform” rating in a research report on Monday. KeyCorp set a $33.00 price objective on shares of Domtar Corporation and gave the company a “sell” rating in a research report on Friday, October 27th. Scotiabank set a $41.00 price target on shares of Domtar Corporation and gave the stock a “sector perform” rating in a research report on Monday. Finally, BidaskClub downgraded shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.30.

In other news, insider Michael Dennis Garcia sold 4,712 shares of Domtar Corporation stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $42.73, for a total value of $201,343.76. Following the transaction, the insider now owns 4,712 shares of the company’s stock, valued at approximately $201,343.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Fagan sold 4,154 shares of Domtar Corporation stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $41.40, for a total transaction of $171,975.60. Following the completion of the transaction, the insider now directly owns 10,649 shares in the company, valued at approximately $440,868.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,766 shares of company stock worth $569,809 over the last 90 days. 1.04% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. grew its stake in shares of Domtar Corporation by 60.7% in the 2nd quarter. Prudential Financial Inc. now owns 582,928 shares of the basic materials company’s stock worth $22,396,000 after purchasing an additional 220,146 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Domtar Corporation by 24.1% in the 2nd quarter. SG Americas Securities LLC now owns 28,650 shares of the basic materials company’s stock worth $1,101,000 after purchasing an additional 5,557 shares during the last quarter. AMG Funds LLC grew its stake in shares of Domtar Corporation by 8.4% in the 2nd quarter. AMG Funds LLC now owns 51,215 shares of the basic materials company’s stock worth $1,968,000 after purchasing an additional 3,958 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Domtar Corporation by 2.7% in the 1st quarter. Bank of America Corp DE now owns 284,619 shares of the basic materials company’s stock worth $10,395,000 after purchasing an additional 7,613 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Domtar Corporation by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 26,400 shares of the basic materials company’s stock worth $1,014,000 after purchasing an additional 400 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Domtar Corporation (NYSE:UFS)

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