Domtar Corporation (NYSE:UFS) (TSE:UFS) has been assigned a $33.00 target price by investment analysts at KeyCorp in a research report issued on Thursday. The firm presently has a “sell” rating on the basic materials company’s stock. KeyCorp’s price objective would suggest a potential downside of 24.93% from the company’s previous close.

Several other analysts have also issued reports on the stock. ValuEngine upgraded shares of Domtar Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Citigroup Inc. restated a “sell” rating and set a $40.00 price target (down from $41.00) on shares of Domtar Corporation in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Domtar Corporation from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a research report on Thursday, October 5th. Vertical Research restated a “buy” rating on shares of Domtar Corporation in a research report on Friday, July 28th. Finally, BidaskClub lowered shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Domtar Corporation has a consensus rating of “Hold” and an average price target of $42.25.

Shares of Domtar Corporation (NYSE UFS) opened at 43.96 on Thursday. The firm has a market cap of $2.75 billion, a P/E ratio of 16.77 and a beta of 1.49. Domtar Corporation has a one year low of $33.99 and a one year high of $44.72. The firm has a 50 day moving average price of $42.19 and a 200-day moving average price of $38.96.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. Analysts forecast that Domtar Corporation will post $2.58 earnings per share for the current year.

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In other news, insider Michael Dennis Garcia sold 4,712 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $42.73, for a total transaction of $201,343.76. Following the completion of the sale, the insider now directly owns 4,712 shares in the company, valued at $201,343.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Daniel Buron sold 4,900 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $40.10, for a total transaction of $196,490.00. Following the sale, the vice president now owns 15,126 shares of the company’s stock, valued at $606,552.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,766 shares of company stock valued at $569,809. 1.04% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of UFS. UBS Asset Management Americas Inc. raised its stake in Domtar Corporation by 19.1% in the first quarter. UBS Asset Management Americas Inc. now owns 59,564 shares of the basic materials company’s stock worth $2,175,000 after buying an additional 9,545 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Domtar Corporation by 133.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,079 shares of the basic materials company’s stock worth $441,000 after buying an additional 6,901 shares in the last quarter. SG Americas Securities LLC raised its stake in Domtar Corporation by 445.0% in the first quarter. SG Americas Securities LLC now owns 23,093 shares of the basic materials company’s stock worth $843,000 after buying an additional 18,856 shares in the last quarter. Victory Capital Management Inc. raised its stake in Domtar Corporation by 46.3% in the first quarter. Victory Capital Management Inc. now owns 14,625 shares of the basic materials company’s stock worth $534,000 after buying an additional 4,629 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Domtar Corporation by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 575,339 shares of the basic materials company’s stock worth $21,011,000 after buying an additional 32,972 shares in the last quarter. Institutional investors own 91.25% 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.

Analyst Recommendations for Domtar Corporation (NYSE:UFS)

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