Brokerages Set Domtar Corp (TSE:UFS) Price Target at $43.70
Domtar Corp (TSE:UFS) has received an average rating of “Hold” from the seven brokerages that are currently covering the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$43.70.
UFS has been the subject of several recent analyst reports. Goldman Sachs Group Inc. initiated coverage on Domtar Corp in a research note on Thursday, September 22nd. They set a “neutral” rating for the company. TD Securities increased their price target on shares of Domtar Corp from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th.
Domtar Corp (TSE:UFS) opened at 50.66 on Tuesday. Domtar Corp has a 52-week low of $41.62 and a 52-week high of $56.23. The firm’s 50-day moving average price is $48.41 and its 200 day moving average price is $48.88. The firm has a market cap of $3.17 billion and a PE ratio of 35.40.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be issued a $0.415 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.66 dividend on an annualized basis and a yield of 3.28%.
About Domtar Corp
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 operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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