Domtar Corporation (UFS) Rating Lowered to Sell at BidaskClub
BidaskClub downgraded shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) from a hold rating to a sell rating in a report published on Tuesday, July 11th.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Domtar Corporation from a sell rating to a hold rating in a report on Wednesday, June 14th. ValuEngine upgraded shares of Domtar Corporation from a hold rating to a buy rating in a research report on Thursday, July 6th. KeyCorp assumed coverage on shares of Domtar Corporation in a research report on Thursday, July 6th. They set an underweight rating and a $33.00 target price on the stock. CIBC upgraded shares of Domtar Corporation from a sector underperform rating to a sector perform rating in a research report on Monday, June 5th. Finally, Citigroup Inc. restated a neutral rating and set a $39.00 target price (down from $41.00) on shares of Domtar Corporation in a research report on Friday, April 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $41.20.
Domtar Corporation (NYSE:UFS) traded down 0.85% during mid-day trading on Tuesday, hitting $38.35. 376,181 shares of the company were exchanged. The company has a 50 day moving average of $38.22 and a 200 day moving average of $38.45. The stock has a market cap of $2.40 billion, a P/E ratio of 14.63 and a beta of 1.49. Domtar Corporation has a 12-month low of $33.99 and a 12-month high of $44.58.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that Domtar Corporation will post $2.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.415 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.33%. Domtar Corporation’s dividend payout ratio is 63.36%.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Domtar Corporation by 8,753.9% in the first quarter. BlackRock Inc. now owns 10,377,062 shares of the basic materials company’s stock worth $378,971,000 after buying an additional 10,259,859 shares in the last quarter. QV Investors Inc. purchased a new stake in shares of Domtar Corporation during the second quarter worth $219,260,000. Fairpointe Capital LLC increased its stake in shares of Domtar Corporation by 29.7% in the first quarter. Fairpointe Capital LLC now owns 3,664,354 shares of the basic materials company’s stock worth $133,822,000 after buying an additional 839,266 shares in the last quarter. Norges Bank purchased a new stake in shares of Domtar Corporation during the fourth quarter worth $23,553,000. Finally, First Eagle Investment Management LLC purchased a new stake in shares of Domtar Corporation during the second quarter worth $10,436,000. Institutional investors and hedge funds own 83.14% of the company’s stock.
About Domtar Corporation
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.
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