Citigroup Inc. Upgrades Domtar Corp to “Neutral” (UFS)
Domtar Corp (NYSE:UFS) was upgraded by equities research analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Domtar Corp (NYSE:UFS) opened at 44.47 on Friday. Domtar Corp has a 1-year low of $32.505 and a 1-year high of $57.875. The stock has a 50-day moving average of $45.66 and a 200-day moving average of $48.87. The company has a market cap of $2.871 billion and a price-to-earnings ratio of 33.84.
Domtar Corp (NYSE:UFS) last released its earnings data on Thursday, April 24th. The company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by $0.46. The company had revenue of $1.39 million for the quarter, compared to the consensus estimate of $1.48 million. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Domtar Corp will post $4.31 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TD Securities cut their price target on shares of Domtar Corp from C$55.00 to C$50.00 in a research note on Thursday, June 12th. Separately, analysts at TheStreet downgraded shares of Domtar Corp from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Domtar Corp in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $61.53.
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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