Shares of Domtar Corp (NYSE:UFS) (TSE:UFS) have been assigned an average rating of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $29.00.
Several brokerages have recently commented on UFS. Citigroup raised shares of Domtar from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.00 to $34.00 in a report on Thursday, August 13th. ValuEngine raised shares of Domtar from a “hold” rating to a “buy” rating in a report on Friday, August 7th. TD Securities raised their target price on shares of Domtar from $23.00 to $31.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Zacks Investment Research cut shares of Domtar from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Thursday, June 25th. Finally, Raymond James raised their target price on shares of Domtar from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, August 10th.
UFS stock traded up $0.05 during mid-day trading on Monday, hitting $26.37. 741,046 shares of the company were exchanged, compared to its average volume of 1,018,684. The business has a 50 day simple moving average of $28.14 and a 200-day simple moving average of $23.49. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.46 billion, a PE ratio of 164.81 and a beta of 1.90. Domtar has a 1-year low of $18.40 and a 1-year high of $41.00.
Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.84. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Domtar had a net margin of 0.21% and a return on equity of 3.54%. The business’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. Equities research analysts expect that Domtar will post 0.23 earnings per share for the current year.
A number of large investors have recently made changes to their positions in UFS. AQR Capital Management LLC increased its stake in Domtar by 91.3% in the second quarter. AQR Capital Management LLC now owns 1,521,442 shares of the basic materials company’s stock valued at $32,087,000 after acquiring an additional 726,262 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Domtar by 1,014.8% during the first quarter. Victory Capital Management Inc. now owns 741,713 shares of the basic materials company’s stock worth $16,051,000 after buying an additional 675,177 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Domtar by 64.1% during the second quarter. Donald Smith & CO. Inc. now owns 1,554,469 shares of the basic materials company’s stock worth $32,815,000 after buying an additional 607,288 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Domtar by 91.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,047,974 shares of the basic materials company’s stock worth $22,123,000 after buying an additional 499,554 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Domtar by 32.3% during the first quarter. State Street Corp now owns 2,003,696 shares of the basic materials company’s stock worth $43,360,000 after buying an additional 489,496 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.
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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