Raymond James Trims Domtar Corp Target Price to $49.00 (UFS)
Raymond James decreased their target price on shares of Domtar Corp (NYSE:UFS) from $55.00 to $49.00 in a research note issued on Thursday. Raymond James’ price objective would suggest a potential upside of 34.84% from the company’s current price.
Shares of Domtar Corp (NYSE:UFS) opened at 36.34 on Thursday. 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 $38.66 and its 200-day moving average is $46.7. The company has a market cap of $2.362 billion and a price-to-earnings ratio of 14.44.
Domtar Corp (NYSE:UFS) last released its earnings data on Thursday, July 24th. The company reported $0.61 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.48 earnings per share. Domtar Corp’s revenue was up 5.6% compared to the same quarter last year. Analysts expect that Domtar Corp will post $3.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Tuesday, September 30th.
UFS has been the subject of a number of other recent research reports. Analysts at Bank of America upgraded shares of Domtar Corp from an “underperform” rating to a “buy” rating in a research note on Tuesday. They now have a $45.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Domtar Corp currently has a consensus rating of “Hold” and a consensus target price of $49.79.
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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