Domtar Corp. Price Target Increased to $100.00 by Analysts at DA Davidson (UFS)
DA Davidson hoisted their price objective on shares of Domtar Corp. (NYSE:UFS) from $85.00 to $100.00 in a research note issued on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target would suggest a potential upside of 17.15% from the stock’s previous close.
Domtar Corp. (NYSE:UFS) traded up 1.02% during mid-day trading on Monday, hitting $85.36. 666,678 shares of the company’s stock traded hands. Domtar Corp. has a one year low of $65.01 and a one year high of $87.08. The stock’s 50-day moving average is $75.16 and its 200-day moving average is $72.26. The company has a market cap of $2.809 billion and a price-to-earnings ratio of 34.98.
Domtar Corp. (NYSE:UFS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.07. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company posted $1.61 earnings per share. Domtar Corp.’s revenue was down 4.1% compared to the same quarter last year. Analysts expect that Domtar Corp. will post $4.15 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial initiated coverage on shares of Domtar Corp. in a research note to investors on Tuesday, October 8th. They set an “outperform” rating and a $108.00 price target on the stock. Separately, analysts at Macquarie upgraded shares of Domtar Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 16th. Finally, analysts at TD Securities raised their price target on shares of Domtar Corp. from C$80.00 to C$85.00 in a research note to investors on Thursday, September 12th. They now have a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $92.00.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and adult incontinence products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.