TheStreet upgraded shares of Domtar (NYSE:UFS) (TSE:UFS) from a c rating to a b rating in a report issued on Wednesday.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Domtar from a hold rating to a buy rating and set a $55.00 price target for the company in a research note on Friday, October 12th. Vertical Research raised Domtar from a hold rating to a buy rating and set a $54.00 price target for the company in a research note on Thursday, November 1st. Raymond James set a $49.00 price objective on Domtar and gave the company a hold rating in a research report on Thursday, November 1st. ValuEngine downgraded Domtar from a buy rating to a hold rating in a research report on Friday, October 12th. Finally, TD Securities increased their price objective on Domtar from $45.00 to $51.00 and gave the company a hold rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $48.69.

Shares of NYSE UFS opened at $49.65 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.03 and a quick ratio of 1.34. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.96 and a beta of 1.98. Domtar has a 1 year low of $33.81 and a 1 year high of $54.50.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Tuesday, February 5th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. Domtar had a return on equity of 11.59% and a net margin of 5.19%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. Equities research analysts forecast that Domtar will post 5.09 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Domtar by 6.3% during the 4th quarter. BlackRock Inc. now owns 8,167,471 shares of the basic materials company’s stock valued at $286,923,000 after acquiring an additional 487,215 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Domtar during the 4th quarter valued at $537,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Domtar by 1.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 538,016 shares of the basic materials company’s stock valued at $18,874,000 after acquiring an additional 7,167 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Domtar by 2.4% during the 4th quarter. New York State Common Retirement Fund now owns 309,659 shares of the basic materials company’s stock valued at $10,878,000 after acquiring an additional 7,200 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Domtar by 16.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 32,785 shares of the basic materials company’s stock valued at $1,151,000 after purchasing an additional 4,737 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

About Domtar

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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Analyst Recommendations for Domtar (NYSE:UFS)

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