Domtar Corp. Stock Rating Lowered by Bank of America Corp. (UFS)
Domtar Corp. (NYSE:UFS) was downgraded by equities researchers at Bank of America Corp. to an “underperform” rating in a research report issued on Friday, AnalystRatings.Net reports.
Domtar Corp. (NYSE:UFS) opened at 93.79 on Friday. Domtar Corp. has a 1-year low of $65.01 and a 1-year high of $96.40. The stock has a 50-day moving average of $89.38 and a 200-day moving average of $78.31. The company has a market cap of $3.038 billion and a price-to-earnings ratio of 71.58.
Domtar Corp. (NYSE:UFS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.87 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Domtar Corp. will post $4.21 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Domtar Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 24th. They now have a $96.50 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Domtar Corp. from an “outperform” rating to a “top pick” rating in a research note to investors on Thursday, December 5th. They now have a $100.00 price target on the stock, down previously from $115.00. Finally, 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, December 3rd. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Domtar Corp. has a consensus rating of “Buy” and a consensus price target of $95.50.
In other Domtar Corp. news, Director Louis Gignac unloaded 2,000 shares of the stock on the open market in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $91.77, for a total transaction of $183,540.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and adult incontinence products.
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