Domtar (NYSE:UFS) (TSE:UFS) was downgraded by Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Domtar from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, December 27th. Stephens initiated coverage on shares of Domtar in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $43.00 target price on the stock. Vertical Group downgraded shares of Domtar from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine downgraded shares of Domtar from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, National Bank Financial upped their target price on shares of Domtar from $42.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Monday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Domtar currently has a consensus rating of “Hold” and a consensus target price of $44.80.
Shares of Domtar (NYSE:UFS) opened at $51.23 on Friday. Domtar has a 52 week low of $35.47 and a 52 week high of $51.57. The firm has a market cap of $3,200.00, a P/E ratio of 18.36, a P/E/G ratio of 3.50 and a beta of 1.54. The company has a current ratio of 2.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.
Several large investors have recently made changes to their positions in UFS. Pictet Asset Management Ltd. purchased a new stake in shares of Domtar in the 3rd quarter valued at approximately $20,535,000. Point72 Asset Management L.P. increased its position in shares of Domtar by 727.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 248,157 shares of the basic materials company’s stock valued at $10,768,000 after purchasing an additional 218,157 shares during the last quarter. Fairpointe Capital LLC increased its position in shares of Domtar by 5.6% in the 2nd quarter. Fairpointe Capital LLC now owns 3,870,164 shares of the basic materials company’s stock valued at $148,692,000 after purchasing an additional 205,810 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of Domtar by 158.8% in the 2nd quarter. Gotham Asset Management LLC now owns 331,470 shares of the basic materials company’s stock valued at $12,735,000 after purchasing an additional 203,410 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Domtar in the 3rd quarter valued at approximately $6,984,000. 91.01% of the stock is currently owned by institutional investors.
About Domtar
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.
