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

A number of other research analysts have also weighed in on the stock. Citigroup decreased their price target on shares of Domtar from $44.00 to $40.00 and set a sell rating on the stock in a research note on Friday. Stephens raised shares of Domtar from an equal rating to a buy rating and set a $43.00 target price on the stock in a research note on Friday. Royal Bank of Canada raised shares of Domtar from a sector perform rating to an outperform rating and set a $50.00 target price on the stock in a research note on Friday. ValuEngine raised shares of Domtar from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, UFS lowered 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 issued a buy rating to the company. Domtar presently has a consensus rating of Hold and a consensus price target of $44.33.

Domtar (NYSE UFS) opened at $42.61 on Friday. The firm has a market cap of $2,670.00, a PE ratio of -12.57, a P/E/G ratio of 2.88 and a beta of 1.56. Domtar has a 12 month low of $35.47 and a 12 month high of $52.58. The company has a quick ratio of 1.22, a current ratio of 2.24 and a debt-to-equity ratio of 0.45.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.05). The company 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%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. equities analysts anticipate that Domtar will post 3.01 earnings per share for the current fiscal year.

The firm 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 represents a $1.74 dividend on an annualized basis and a yield of 4.08%. This is a positive change from Domtar’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, March 29th. Domtar’s dividend payout ratio (DPR) is -48.97%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UFS. Pictet Asset Management Ltd. acquired a new stake in shares of Domtar during the 3rd quarter worth approximately $20,535,000. Acadian Asset Management LLC increased its holdings in shares of Domtar by 644.5% during the 4th quarter. Acadian Asset Management LLC now owns 371,502 shares of the basic materials company’s stock worth $18,397,000 after buying an additional 321,603 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Domtar by 727.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 248,157 shares of the basic materials company’s stock worth $10,768,000 after buying an additional 218,157 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Domtar by 215.3% during the 4th quarter. Wells Fargo & Company MN now owns 279,785 shares of the basic materials company’s stock worth $13,855,000 after buying an additional 191,055 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Domtar during the 3rd quarter worth approximately $6,984,000. 90.59% of the stock is currently owned by institutional investors and hedge funds.

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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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