Domtar (NYSE:UFS) (TSE:UFS) was upgraded by stock analysts at Stephens from an “equal” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat reports. The firm presently has a $43.00 price objective on the basic materials company’s stock. Stephens’ price objective indicates a potential downside of 1.08% from the company’s current price.

Several other equities research analysts also recently issued reports on UFS. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 price objective on shares of Domtar in a report on Thursday, January 25th. ValuEngine upgraded Domtar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada upgraded Domtar from a “sector perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Friday. UFS downgraded Domtar from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Finally, Vertical Group downgraded Domtar from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.33.

Shares of Domtar (NYSE UFS) opened at $43.47 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.24 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2,668.87, a price-to-earnings ratio of -12.86, a P/E/G ratio of 2.84 and a beta of 1.56. Domtar has a 1-year low of $35.47 and a 1-year high of $52.58.

Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.05). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Domtar had a negative net margin of 4.11% and a positive return on equity of 6.00%. Domtar’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. research analysts forecast that Domtar will post 2.99 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Domtar by 1.4% during the 4th quarter. BlackRock Inc. now owns 9,586,518 shares of the basic materials company’s stock worth $474,726,000 after purchasing an additional 129,636 shares in the last quarter. Vanguard Group Inc. grew its stake in Domtar by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,342,007 shares of the basic materials company’s stock worth $205,240,000 after purchasing an additional 53,417 shares in the last quarter. State Street Corp grew its stake in Domtar by 0.5% during the 2nd quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock worth $68,104,000 after purchasing an additional 8,827 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Domtar by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,097,537 shares of the basic materials company’s stock worth $47,622,000 after purchasing an additional 5,336 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Domtar by 3.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 596,978 shares of the basic materials company’s stock worth $22,936,000 after purchasing an additional 21,327 shares in the last quarter. 90.61% of the stock is owned by hedge funds and other institutional investors.

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Domtar 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.

Analyst Recommendations for Domtar (NYSE:UFS)

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