Shares of Domtar Corp (NYSE:UFS) (TSE:UFS) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Three 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $29.00.
UFS has been the subject of several analyst reports. Stephens increased their price target on shares of Domtar from $34.00 to $42.00 in a research report on Monday, August 10th. Citigroup raised shares of Domtar from a “neutral” rating to a “buy” rating and increased their price target for the company from $22.00 to $34.00 in a research report on Thursday, August 13th. ValuEngine raised shares of Domtar from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. Royal Bank of Canada increased their price target on shares of Domtar from $21.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Finally, CIBC lowered shares of Domtar from a “neutral” rating to a “sector underperform” rating and set a $28.00 price target for the company. in a research report on Monday, August 10th.
Several institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of Domtar by 32.3% in the 1st quarter. State Street Corp now owns 2,003,696 shares of the basic materials company’s stock valued at $43,360,000 after purchasing an additional 489,496 shares during the last quarter. Donald Smith & CO. Inc. raised its position in shares of Domtar by 64.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,554,469 shares of the basic materials company’s stock valued at $32,815,000 after purchasing an additional 607,288 shares during the last quarter. AQR Capital Management LLC increased its holdings in Domtar by 91.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,521,442 shares of the basic materials company’s stock worth $32,087,000 after buying an additional 726,262 shares during the period. Goldman Sachs Group Inc. increased its holdings in Domtar by 91.1% in the 2nd 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 period. Finally, Victory Capital Management Inc. increased its holdings in Domtar by 1,014.8% in the 1st 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 period. 91.53% of the stock is owned by hedge funds and other institutional investors.
NYSE:UFS traded up $0.05 during mid-day trading on Monday, reaching $26.37. The company’s stock had a trading volume of 741,046 shares, compared to its average volume of 1,018,684. Domtar has a 1 year low of $18.40 and a 1 year high of $41.00. The stock has a fifty day moving average of $28.14 and a 200-day moving average of $23.49. The firm has a market capitalization of $1.46 billion, a PE ratio of 164.81 and a beta of 1.90. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.48.
Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings results on Friday, August 7th. The basic materials company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.84. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Domtar had a net margin of 0.21% and a return on equity of 3.54%. The company’s quarterly revenue was down 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, analysts expect that Domtar will post 0.23 earnings per share for the current year.
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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