Domtar Corp. Lowered to Sector Perform at Scotiabank (UFS)
Domtar Corp. (NYSE:UFS) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on UFS. Analysts at Bank of America Corp. downgraded shares of Domtar Corp. from a “buy” rating to an “underperform” rating in a research note to investors on Friday, January 3rd. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $95.39.
Shares of Domtar Corp. (NYSE:UFS) traded down 1.55% during mid-day trading on Friday, hitting $91.83. The stock had a trading volume of 46,802 shares. Domtar Corp. has a 52-week low of $65.01 and a 52-week high of $96.40. The stock has a 50-day moving average of $90.43 and a 200-day moving average of $79.08. The company has a market cap of $2.975 billion and a P/E ratio of 70.77.
Domtar Corp. (NYSE:UFS) last released its 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. On average, analysts predict that Domtar Corp. will post $4.21 earnings per share for the current fiscal year.
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.