Domtar (NYSE:UFS) (TSE:UFS) was downgraded by research analysts at Vertical Group from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Several other research analysts have also issued reports on UFS. ValuEngine raised shares of Domtar from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Domtar from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a report on Thursday, October 5th. Citigroup restated a “sell” rating and set a $40.00 target price (down from $41.00) on shares of Domtar in a report on Thursday, October 5th. KeyCorp set a $33.00 target price on shares of Domtar and gave the stock a “sell” rating in a report on Thursday, October 12th. Finally, Stephens began coverage on shares of Domtar in a report on Tuesday, October 24th. They set an “equal weight” rating and a $43.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Domtar has an average rating of “Hold” and an average target price of $43.80.
Shares of Domtar (NYSE UFS) traded up $0.25 during trading on Thursday, reaching $50.76. 507,700 shares of the company’s stock were exchanged, compared to its average volume of 563,500. The company has a current ratio of 2.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Domtar has a 12-month low of $35.47 and a 12-month high of $50.97. The company has a market cap of $3,166.66, a P/E ratio of 18.19, a PEG ratio of 3.51 and a beta of 1.54.
Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.30. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Domtar had a net margin of 3.44% and a return on equity of 6.17%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $1.13 EPS. analysts forecast that Domtar will post 2.67 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Domtar 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 during the period. Cubist Systematic Strategies LLC increased its stake in shares of Domtar by 176.1% in the third quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock valued at $126,000 after buying an additional 1,853 shares during the period. Bridgewater Associates LP acquired a new position in shares of Domtar in the second quarter valued at approximately $200,000. Shelton Capital Management bought a new stake in Domtar in the third quarter valued at approximately $206,000. Finally, Teacher Retirement System of Texas bought a new stake in Domtar in the third quarter valued at approximately $224,000. 91.01% of the stock is owned by hedge funds and other institutional investors.
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Domtar 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.