Domtar Corporation (NYSE: UFS) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2017 – Domtar Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Domtar beat second-quarter 2017 earnings estimates despite lower sales on a year-over-year basis. Domtar is seeking growth through profitable investment opportunities with a commitment to pollution-free environment and sustainable practices. The company is executing well on its strategy to expand its fiber-based business through acquisitions, strategic investments in capacity building and repurposing of assets. Domtar is also streamlining the cost structure, improving revenue quality and maintaining a healthy cash flow with a disciplined approach to cash utilization. However, the revamped market dynamics following Brexit are expected to affect firms like Domtar with higher tariff and non-tariff barriers to trade, affecting its profitability. Stiff competition and strengthening U.S. dollar remain other areas of concern. Domtar’s shares have also underperformed the industry average year to date.”
  • 7/31/2017 – Domtar Corporation had its price target lowered by analysts at Scotiabank from $40.50 to $40.00. They now have a “sector perform” rating on the stock.
  • 7/28/2017 – Domtar Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Domtar Corporation had its “buy” rating reaffirmed by analysts at Vertical Research.
  • 7/27/2017 – Domtar Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/19/2017 – Domtar Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/11/2017 – Domtar Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/6/2017 – Domtar Corporation is now covered by analysts at KeyCorp. They set an “underweight” rating and a $33.00 price target on the stock.
  • 7/6/2017 – Domtar Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/14/2017 – Domtar Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Domtar is seeking growth through profitable investment opportunities with a commitment to pollution-free environment and sustainable practices. The strategic acquisition of Home Delivery Incontinent will expand the Personal Care segment of the company with complementary products. Domtar is also streamlining the cost structure, improving revenue quality and maintaining a healthy cash flow with a disciplined approach to cash utilization. However, on the flip side, the revamped market dynamics following Brexit are expected to affect firms like Domtar, which has significant presence in the U.K., with higher tariff and non-tariff barriers to trade affecting its profitability. Over the past three months, Domtar’s shares have underperformed compared to the Zacks-categorized Paper & Paper Products industry average. Also, fluctuations in the prices and the demand for the company’s pulp and paper products pose as threats.”
  • 6/14/2017 – Domtar Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Domtar Corporation (NYSE UFS) traded up 0.76% during midday trading on Monday, hitting $38.68. 447,916 shares of the stock were exchanged. The stock has a market cap of $2.42 billion, a P/E ratio of 14.75 and a beta of 1.49. The firm has a 50-day moving average price of $38.13 and a 200-day moving average price of $38.45. Domtar Corporation has a one year low of $33.99 and a one year high of $44.58.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Domtar Corporation will post $2.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, September 29th. Domtar Corporation’s dividend payout ratio is currently 63.36%.

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 segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

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