FY2017 EPS Estimates for Domtar Corp Raised by National Bank Financial (UFS)
Domtar Corp (TSE:UFS) (NYSE:UFS) – National Bank Financial increased their FY2017 earnings per share (EPS) estimates for Domtar Corp in a note issued to investors on Sunday. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings per share of $3.32 for the year, up from their previous forecast of $2.80. National Bank Financial has a “Sector Perform” rating and a $59.00 price objective on the stock. National Bank Financial also issued estimates for Domtar Corp’s Q4 2017 earnings at $0.81 EPS and FY2018 earnings at $3.65 EPS.
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Separately, Scotiabank reissued a “sector perform” rating and issued a C$52.50 price target on shares of Domtar Corp in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$59.70.
Shares of Domtar Corp (TSE:UFS) opened at 61.08 on Wednesday. The stock has a 50 day moving average price of $54.50 and a 200 day moving average price of $51.08. Domtar Corp has a one year low of $45.48 and a one year high of $61.37. The company has a market capitalization of $3.83 billion and a PE ratio of 23.30.
About Domtar Corp
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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