ValuEngine lowered shares of Domtar (NYSE:UFS) (TSE:UFS) from a buy rating to a hold rating in a report issued on Friday.

UFS has been the subject of several other reports. Citigroup lowered their price target on shares of Domtar from $53.00 to $51.00 and set a neutral rating for the company in a research note on Thursday. TheStreet raised shares of Domtar from a c+ rating to a b- rating in a research note on Monday, July 30th. National Bank Financial boosted their price target on shares of Domtar from $45.00 to $48.00 and gave the stock a sector perform rating in a research note on Monday, July 30th. Vertical Research downgraded shares of Domtar to a hold rating and set a $54.00 price target for the company. in a research note on Thursday, September 13th. Finally, Vertical Group downgraded shares of Domtar from a buy rating to a hold rating and set a $54.00 price target for the company. in a research note on Thursday, September 13th. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $47.50.

Domtar stock traded down $0.21 during mid-day trading on Friday, hitting $44.81. The company’s stock had a trading volume of 537,686 shares, compared to its average volume of 645,929. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.28 billion, a PE ratio of 17.23, a P/E/G ratio of 2.72 and a beta of 1.57. Domtar has a 12 month low of $40.72 and a 12 month high of $54.50.

Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.12). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Domtar had a positive return on equity of 7.79% and a negative net margin of 3.25%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, equities analysts expect that Domtar will post 3.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, October 2nd will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Monday, October 1st. Domtar’s dividend payout ratio (DPR) is 66.92%.

Several large investors have recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of Domtar by 2.8% during the second quarter. Arizona State Retirement System now owns 43,622 shares of the basic materials company’s stock valued at $2,083,000 after acquiring an additional 1,196 shares during the last quarter. Verition Fund Management LLC raised its stake in Domtar by 10.7% in the second quarter. Verition Fund Management LLC now owns 13,630 shares of the basic materials company’s stock worth $651,000 after buying an additional 1,323 shares in the last quarter. Legal & General Group Plc raised its stake in Domtar by 1.3% in the second quarter. Legal & General Group Plc now owns 112,932 shares of the basic materials company’s stock worth $5,391,000 after buying an additional 1,463 shares in the last quarter. Macquarie Group Ltd. raised its stake in Domtar by 3.3% in the second quarter. Macquarie Group Ltd. now owns 49,600 shares of the basic materials company’s stock worth $2,368,000 after buying an additional 1,600 shares in the last quarter. Finally, United Services Automobile Association raised its stake in Domtar by 16.7% in the second quarter. United Services Automobile Association now owns 13,539 shares of the basic materials company’s stock worth $646,000 after buying an additional 1,942 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Domtar Company Profile

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

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Analyst Recommendations for Domtar (NYSE:UFS)

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