Royal Bank Of Canada Reaffirms “Outperform” Rating for Domtar Corp (UFS)
Domtar Corp (TSE:UFS)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Tuesday, StockTargetPrices.com reports.
A number of other equities analysts also recently weighed in on UFS. TD Securities boosted their target price on shares of Domtar Corp from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Goldman Sachs Group Inc. began coverage on shares of Domtar Corp in a research note on Thursday, September 22nd. They issued a “neutral” rating for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Domtar Corp presently has an average rating of “Hold” and a consensus target price of C$43.70.
Domtar Corp (TSE:UFS) traded down 0.30% during midday trading on Tuesday, reaching $50.06. 2,698 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $48.42 and its 200 day moving average is $48.88. The stock has a market cap of $3.13 billion and a P/E ratio of 34.98. Domtar Corp has a 1-year low of $41.62 and a 1-year high of $56.23.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 29th.
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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