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Domtar Corp (NYSE:UFS) was upgraded by stock analysts at Bank of America to a “buy” rating in a report issued on Tuesday.

Other equities research analysts have also recently issued reports about the stock. 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $52.37.

Shares of Domtar Corp (NYSE:UFS) traded up 5.24% on Tuesday, hitting $38.35. 283,390 shares of the company’s stock traded hands. Domtar Corp has a one year low of $32.505 and a one year high of $57.875. The stock’s 50-day moving average is $39.00 and its 200-day moving average is $46.96. The company has a market cap of $2.493 billion and a price-to-earnings ratio of 13.91.

Domtar Corp (NYSE:UFS) last released its earnings data on Thursday, July 24th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Domtar Corp will post $3.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors 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 4.11%. 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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