Domtar Corporation (UFS) Rating Increased to Buy at ValuEngine
Domtar Corporation (NYSE:UFS) (TSE:UFS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Other research analysts have also issued reports about the stock. BidaskClub raised shares of Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Domtar Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. KeyCorp began coverage on shares of Domtar Corporation in a research report on Thursday, July 6th. They issued an “underweight” rating and a $33.00 price target on the stock. Scotiabank cut 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. Finally, Vertical Research reiterated a “buy” rating on shares of Domtar Corporation in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.20.
Shares of Domtar Corporation (NYSE UFS) opened at 40.71 on Friday. The company has a 50-day moving average of $39.20 and a 200 day moving average of $38.09. The firm has a market cap of $2.55 billion, a P/E ratio of 15.53 and a beta of 1.49. Domtar Corporation has a 12-month low of $33.99 and a 12-month 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 earnings per share (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 company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts anticipate that Domtar Corporation will post $2.47 earnings per share for the current fiscal year.
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In other Domtar Corporation news, VP Daniel Buron sold 4,900 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $40.10, for a total transaction of $196,490.00. Following the transaction, the vice president now owns 15,126 shares of the company’s stock, valued at approximately $606,552.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.04% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in UFS. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Domtar Corporation by 14.0% during the 2nd 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 during the period. LS Investment Advisors LLC increased its stake in Domtar Corporation by 20.2% during the 2nd 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 during the period. Mckinley Capital Management LLC Delaware increased its stake in Domtar Corporation by 1.9% during the 1st 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 during the period. Bridgewater Associates LP acquired a new position in Domtar Corporation during the 2nd quarter valued at about $200,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Domtar Corporation during the 2nd quarter valued at about $218,000. 91.20% of the stock is currently owned by hedge funds and other institutional investors.
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.
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