Domtar Corporation (UFS) Raised to “Buy” at ValuEngine
Domtar Corporation (NYSE:UFS) (TSE:UFS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Several other research analysts have also recently commented on UFS. CIBC raised shares of Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a report on Monday, June 5th. Zacks Investment Research cut shares of Domtar Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. BidaskClub raised shares of Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. KeyCorp started coverage on shares of Domtar Corporation in a report on Thursday, July 6th. They set an “underweight” rating and a $33.00 target price on the stock. Finally, Vertical Research reaffirmed a “buy” rating on shares of Domtar Corporation in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.20.
Domtar Corporation (UFS) traded up 1.80% during midday trading on Friday, reaching $40.71. The company’s stock had a trading volume of 614,155 shares. The firm has a 50 day moving average price of $39.20 and a 200-day moving average price of $38.09. Domtar Corporation has a 52 week low of $33.99 and a 52 week high of $44.58. The firm has a market cap of $2.55 billion, a P/E ratio of 15.53 and a beta of 1.49.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last announced its earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts forecast that Domtar Corporation will post $2.47 earnings per share for the current fiscal year.
In related news, VP Daniel Buron sold 4,900 shares of Domtar Corporation stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $40.10, for a total value of $196,490.00. Following the transaction, the vice president now directly owns 15,126 shares of the company’s stock, valued at $606,552.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.04% of the company’s stock.
A number of institutional investors have recently modified their holdings of UFS. BlackRock Inc. boosted its position in 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 valued at $378,971,000 after buying an additional 10,259,859 shares in the last quarter. QV Investors Inc. acquired a new stake in Domtar Corporation in the second quarter valued at approximately $219,260,000. Fairpointe Capital LLC boosted its position in 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 valued at $133,822,000 after buying an additional 839,266 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Domtar Corporation in the second quarter valued at approximately $10,436,000. Finally, Renaissance Technologies LLC boosted its position in Domtar Corporation by 1,243.6% in the first quarter. Renaissance Technologies LLC now owns 280,042 shares of the basic materials company’s stock valued at $10,227,000 after buying an additional 259,200 shares in the last quarter. Hedge funds and other institutional investors own 91.20% 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.
Receive News & Stock Ratings for Domtar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domtar Corporation and related stocks with our FREE daily email newsletter.