Domtar Corporation (NYSE:UFS) (TSE:UFS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other equities research analysts have also commented on UFS. ValuEngine lowered shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Scotiabank decreased their price objective on shares of Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating on the stock in a research report on Monday, July 31st. Vertical Research reiterated a “buy” rating on shares of Domtar Corporation in a research report on Friday, July 28th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $52.00 price objective on shares of Domtar Corporation in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $41.20.

Domtar Corporation (NYSE:UFS) traded up 1.25% during trading on Wednesday, hitting $39.74. 108,974 shares of the stock traded hands. The stock has a market cap of $2.49 billion, a P/E ratio of 15.16 and a beta of 1.49. The company’s 50 day moving average price is $38.50 and its 200-day moving average price is $38.28. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.58.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last released its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.53 by $0.08. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts forecast that Domtar Corporation will post $2.46 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Domtar Corporation by 1.0% in the second quarter. BlackRock Inc. now owns 10,480,620 shares of the basic materials company’s stock valued at $402,666,000 after buying an additional 103,558 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Domtar Corporation by 4.5% in the third quarter. BlackRock Fund Advisors now owns 6,293,202 shares of the basic materials company’s stock valued at $233,667,000 after buying an additional 272,585 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Domtar Corporation by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,342,007 shares of the basic materials company’s stock valued at $205,240,000 after buying an additional 53,417 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Domtar Corporation by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,138,421 shares of the basic materials company’s stock valued at $179,895,000 after buying an additional 587,161 shares during the last quarter. Finally, QV Investors Inc. bought a new position in shares of Domtar Corporation during the second quarter valued at $219,260,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

About Domtar Corporation

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.

Analyst Recommendations for Domtar Corporation (NYSE:UFS)

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