Vertical Group upgraded shares of Domtar (NYSE:UFS) (TSE:UFS) from a hold rating to a buy rating in a report released on Friday morning.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Domtar from a hold rating to a buy rating and set a $56.00 target price on the stock in a research report on Wednesday, December 27th. ValuEngine upgraded shares of Domtar from a hold rating to a buy rating in a research report on Friday, February 2nd. Stephens raised shares of Domtar from an equal rating to a buy rating and set a $43.00 price objective on the stock in a research report on Friday. Vertical Research raised shares of Domtar from a hold rating to a buy rating in a research report on Friday. Finally, Bank of America reduced their price objective on shares of Domtar from $54.00 to $48.00 and set a buy rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $44.33.

Shares of Domtar (UFS) opened at $43.47 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2,725.31, a PE ratio of -12.86, a PEG ratio of 2.90 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 announced its earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business had revenue of $1.34 billion for 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%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. sell-side analysts anticipate that Domtar will post 3.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders 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. This represents a $1.74 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Thursday, March 29th. Domtar’s dividend payout ratio is currently -49.11%.

Hedge funds have recently modified their holdings of the business. American International Group Inc. boosted its stake in shares of Domtar by 1.3% during the fourth quarter. American International Group Inc. now owns 129,709 shares of the basic materials company’s stock valued at $6,423,000 after purchasing an additional 1,665 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Domtar by 293.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 110,300 shares of the basic materials company’s stock valued at $5,462,000 after purchasing an additional 82,300 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Domtar by 1,493.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,187 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 2,987 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Domtar by 62.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 123,200 shares of the basic materials company’s stock valued at $6,101,000 after purchasing an additional 47,510 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Domtar by 1.4% during the fourth quarter. BlackRock Inc. now owns 9,586,518 shares of the basic materials company’s stock valued at $474,726,000 after purchasing an additional 129,636 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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