Domtar Corporation (NYSE:UFS) (TSE:UFS) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $40.78.

UFS has been the topic of several research analyst reports. BidaskClub lowered Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine lowered Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 6th. CIBC raised Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a research note on Monday, June 5th. Finally, Scotiabank cut their price target on Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday, July 31st.

In other Domtar Corporation news, VP Daniel Buron sold 4,900 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $40.10, for a total value of $196,490.00. Following the completion of the transaction, the vice president now directly owns 15,126 shares in the company, valued at $606,552.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.04% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of UFS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Domtar Corporation by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock valued at $100,000 after buying an additional 320 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Domtar Corporation by 20.2% in the second quarter. LS Investment Advisors LLC now owns 5,143 shares of the basic materials company’s stock valued at $198,000 after buying an additional 866 shares in the last quarter. Mckinley Capital Management LLC Delaware increased its position in shares of Domtar Corporation by 1.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 5,467 shares of the basic materials company’s stock valued at $200,000 after buying an additional 100 shares in the last quarter. Bridgewater Associates LP acquired a new position in shares of Domtar Corporation during the second quarter valued at approximately $200,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Domtar Corporation during the second quarter valued at approximately $218,000. Institutional investors own 91.20% of the company’s stock.

Shares of Domtar Corporation (UFS) traded down 0.42% during trading on Wednesday, reaching $40.21. The company’s stock had a trading volume of 465,063 shares. The firm’s 50-day moving average price is $38.78 and its 200-day moving average price is $38.15. Domtar Corporation has a one year low of $33.99 and a one year high of $44.58. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 15.34 and a beta of 1.49.

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. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Domtar Corporation had a return on equity of 6.47% and a net margin of 3.23%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. On average, equities analysts anticipate that Domtar Corporation will post $2.46 earnings per share for the current year.

The firm 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 dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Friday, September 29th. Domtar Corporation’s dividend payout ratio is currently 63.36%.

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Domtar Corporation 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 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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