Domtar Corp. Upgraded to “Top Pick” by RBC Capital (UFS)
Domtar Corp. (NYSE:UFS) was upgraded by equities research analysts at RBC Capital from an “outperform” rating to a “top pick” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $100.00 target price on the stock, down from their previous target price of $115.00. RBC Capital’s target price points to a potential upside of 12.37% from the stock’s previous close.
In other Domtar Corp. news, SVP Patrick Loulou unloaded 7,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $87.20, for a total transaction of $610,400.00. Following the transaction, the senior vice president now directly owns 7,312 shares in the company, valued at approximately $637,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Domtar Corp. (NYSE:UFS) traded up 1.98% during mid-day trading on Thursday, hitting $88.99. The stock had a trading volume of 447,915 shares. Domtar Corp. has a 1-year low of $65.01 and a 1-year high of $89.06. The stock’s 50-day moving average is $85.79 and its 200-day moving average is $75.49. The company has a market cap of $2.883 billion and a P/E ratio of 66.21.
Domtar Corp. (NYSE:UFS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.01. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that Domtar Corp. will post $4.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Wednesday, December 11th.
UFS has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Domtar Corp. from $75.00 to $90.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Domtar Corp. from $90.00 to $96.50 in a research note to investors on Wednesday, November 20th. Finally, analysts at DA Davidson raised their price target on shares of Domtar Corp. from $100.00 to $105.00 in a research note to investors on Wednesday, November 20th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $94.95.
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.