Domtar Corp Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:UFS)
Domtar Corp (NYSE:UFS) has earned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the stock, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $52.37.
UFS has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Domtar Corp in a research note on Wednesday, July 30th. They now have a $40.00 price target on the stock, down previously from $43.00. Separately, analysts at Goldman Sachs downgraded shares of Domtar Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $38.00 price target on the stock, down previously from $56.00. Finally, analysts at Zacks downgraded shares of Domtar Corp from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 29th. They now have a $36.70 price target on the stock.
Domtar Corp (NYSE:UFS) opened at 35.25 on Monday. Domtar Corp has a 52-week low of $32.505 and a 52-week high of $57.875. The stock’s 50-day moving average is $40.6 and its 200-day moving average is $47.54. The company has a market cap of $2.291 billion and a P/E ratio of 13.82.
Domtar Corp (NYSE:UFS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.25. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Domtar Corp will post $3.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Tuesday, September 30th.
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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