Royal Bank Of Canada Reiterates Outperform Rating for Domtar Corp (UFS)
Domtar Corp (TSE:UFS)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a note issued to investors on Tuesday, StockTargetPrices.com reports.
UFS has been the topic of a number of other research reports. Goldman Sachs Group Inc. started coverage on shares of Domtar Corp in a research report on Thursday, September 22nd. They set a “neutral” rating on the stock. TD Securities increased their price target on shares of Domtar Corp from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Domtar Corp has a consensus rating of “Hold” and a consensus target price of C$43.70.
Shares of Domtar Corp (TSE:UFS) traded up 0.16% on Tuesday, reaching $50.29. 1,778 shares of the company traded hands. Domtar Corp has a 52-week low of $41.62 and a 52-week high of $56.23. The firm has a 50-day moving average of $48.42 and a 200-day moving average of $48.88. The company has a market capitalization of $3.15 billion and a PE ratio of 35.14.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be given a $0.415 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.66 annualized dividend and a yield of 3.31%.
About Domtar Corp
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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