Domtar Corporation (NYSE:UFS) (TSE:UFS)‘s stock had its “sell” rating reissued by analysts at Citigroup Inc. in a research note issued to investors on Thursday.

Several other analysts have also recently commented on UFS. BidaskClub raised Domtar Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. KeyCorp initiated coverage on Domtar Corporation in a report on Thursday, July 6th. They issued an “underweight” rating and a $33.00 price target for the company. ValuEngine raised Domtar Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Vertical Research reissued a “buy” rating on shares of Domtar Corporation in a report on Friday, July 28th. Finally, Scotiabank reduced their price target on Domtar Corporation from $40.50 to $40.00 and set a “sector perform” rating for the company in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Domtar Corporation presently has a consensus rating of “Hold” and an average price target of $42.13.

Shares of Domtar Corporation (UFS) opened at 44.49 on Thursday. The stock has a 50 day moving average price of $41.46 and a 200-day moving average price of $38.70. Domtar Corporation has a 52-week low of $33.99 and a 52-week high of $44.72. The stock has a market capitalization of $2.79 billion, a PE ratio of 16.97 and a beta of 1.49.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. The business had revenue of $1.22 billion during 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 company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. On average, equities research analysts anticipate that Domtar Corporation will post $2.52 EPS for the current fiscal year.

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In related 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 of the company’s stock, valued at approximately $606,552.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Dennis Garcia sold 4,712 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $42.73, for a total value of $201,343.76. Following the completion of the transaction, the insider now directly owns 4,712 shares of the company’s stock, valued at $201,343.76. The disclosure for this sale can be found here. Insiders sold a total of 13,766 shares of company stock valued at $569,809 over the last ninety days. 1.04% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Institutional Trust Company N.A. increased its position in Domtar Corporation by 27.9% during the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,081,406 shares of the basic materials company’s stock worth $114,413,000 after buying an additional 671,711 shares in the last quarter. State Street Corp increased its position in Domtar Corporation by 0.7% during the first quarter. State Street Corp now owns 1,753,431 shares of the basic materials company’s stock worth $71,015,000 after buying an additional 12,731 shares in the last quarter. Acadian Asset Management increased its position in Domtar Corporation by 418.2% during the fourth quarter. Acadian Asset Management now owns 48,977 shares of the basic materials company’s stock worth $1,810,000 after buying an additional 39,525 shares in the last quarter. Capital Innovations LLC increased its position in Domtar Corporation by 6.3% during the fourth quarter. Capital Innovations LLC now owns 77,484 shares of the basic materials company’s stock worth $2,863,000 after buying an additional 4,591 shares in the last quarter. Finally, Russell Frank Co increased its position in Domtar Corporation by 26.9% during the fourth quarter. Russell Frank Co now owns 186,728 shares of the basic materials company’s stock worth $6,951,000 after buying an additional 39,633 shares in the last quarter. 91.25% of the stock is owned by 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.

Analyst Recommendations for Domtar Corporation (NYSE:UFS)

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