Domtar Corp. (UFS) Now Covered by Analysts at Goldman Sachs Group Inc.
Stock analysts at Goldman Sachs Group Inc. started coverage on shares of Domtar Corp. (NYSE:UFS) in a research report issued on Thursday. The firm set a “neutral” rating and a $40.00 price target on the stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 9.11% from the stock’s current price.
Several other research firms also recently issued reports on UFS. DA Davidson downgraded Domtar Corp. from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $42.00 to $30.00 in a research note on Friday, July 8th. Zacks Investment Research downgraded Domtar Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 12th. TheStreet raised Domtar Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Citigroup Inc. lifted their price target on Domtar Corp. from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Finally, Macquarie cut their price target on Domtar Corp. from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, September 15th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $39.71.
Domtar Corp. (NYSE:UFS) traded up 2.13% on Thursday, reaching $37.44. 228,244 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $37.52 and a 200-day moving average price of $37.63. Domtar Corp. has a 1-year low of $29.88 and a 1-year high of $42.95. The company has a market capitalization of $2.34 billion, a PE ratio of 26.16 and a beta of 1.67.
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Domtar Corp. (NYSE:UFS) last released its earnings results on Wednesday, July 27th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.48. Domtar Corp. had a return on equity of 6.84% and a net margin of 1.74%. The company earned $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.61 earnings per share. Domtar Corp.’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Domtar Corp. will post $2.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 4.53%. The ex-dividend date is Thursday, September 29th. Domtar Corp.’s dividend payout ratio (DPR) is 116.08%.
A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Domtar Corp. by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,138,421 shares of the company’s stock valued at $179,895,000 after buying an additional 587,161 shares during the period. BlackRock Fund Advisors boosted its stake in Domtar Corp. by 10.9% in the first quarter. BlackRock Fund Advisors now owns 5,636,324 shares of the company’s stock valued at $228,271,000 after buying an additional 553,895 shares during the period. Prudential Financial Inc. boosted its stake in Domtar Corp. by 151.5% in the second quarter. Prudential Financial Inc. now owns 748,266 shares of the company’s stock valued at $26,197,000 after buying an additional 450,787 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Domtar Corp. during the first quarter valued at approximately $10,040,000. Finally, Panagora Asset Management Inc. boosted its stake in Domtar Corp. by 158.3% in the first quarter. Panagora Asset Management Inc. now owns 347,166 shares of the company’s stock valued at $14,060,000 after buying an additional 212,775 shares during the period. Institutional investors own 84.60% of the company’s stock.
Domtar Corp. Company Profile
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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