Domtar (NYSE:UFS) (TSE:UFS) had its price target reduced by Citigroup from $44.00 to $40.00 in a report issued on Friday morning. Citigroup currently has a sell rating on the basic materials company’s stock.

A number of other equities analysts have also commented on the stock. Stephens raised shares of Domtar from an equal rating to a buy rating and set a $43.00 price target on the stock in a research report on Friday. Royal Bank of Canada raised shares of Domtar from a sector perform rating to an outperform rating and set a $50.00 price target on the stock in a research report on Friday. ValuEngine raised shares of Domtar from a hold rating to a buy rating in a research report on Friday, February 2nd. UFS downgraded shares of Domtar from an outperform rating to a market perform rating in a research note on Monday, January 29th. Finally, Raymond James Financial downgraded shares of Domtar from an outperform rating to a market perform rating in a research note on Monday, January 29th. Three 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. The stock currently has a consensus rating of Hold and an average target price of $44.33.

Domtar (NYSE UFS) opened at $43.47 on Friday. Domtar has a 52-week low of $35.47 and a 52-week high of $52.58. The company has a market cap of $2,725.31, a P/E ratio of -12.86, a PEG ratio of 2.90 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.24 and a quick ratio of 1.20.

Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.05). Domtar had a negative net margin of 4.11% and a positive return on equity of 6.00%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts forecast that Domtar will post 3.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a $0.435 dividend. This is an increase from Domtar’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.74 annualized dividend and a dividend yield of 4.00%. Domtar’s dividend payout ratio (DPR) is presently -49.11%.

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Domtar by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,652 shares of the basic materials company’s stock worth $409,000 after acquiring an additional 134 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Domtar by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 25,816 shares of the basic materials company’s stock worth $992,000 after acquiring an additional 435 shares during the last quarter. CIBC World Markets Inc. boosted its stake in Domtar by 15.0% during the fourth quarter. CIBC World Markets Inc. now owns 7,780 shares of the basic materials company’s stock worth $385,000 after buying an additional 1,013 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Domtar by 41.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,680 shares of the basic materials company’s stock worth $182,000 after buying an additional 1,070 shares in the last quarter. Finally, Renaissance Group LLC boosted its stake in Domtar by 11.4% during the third quarter. Renaissance Group LLC now owns 11,282 shares of the basic materials company’s stock worth $490,000 after buying an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 90.61% of the company’s stock.

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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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