Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Domtar Corp. from a hold rating to a strong sell rating in a research report on Tuesday, July 12th. DA Davidson cut shares of Domtar Corp. from a neutral rating to an underperform rating and dropped their price target for the company from $42.00 to $30.00 in a research report on Friday, July 8th. Citigroup Inc. increased their price target on shares of Domtar Corp. from $37.00 to $41.00 and gave the company a neutral rating in a research report on Tuesday, August 2nd. TheStreet raised shares of Domtar Corp. from a hold rating to a buy rating in a research report on Wednesday, July 27th. Finally, Macquarie dropped their price target on shares of Domtar Corp. from $45.00 to $41.00 and set an outperform rating for the company in a research report on Thursday, September 15th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $39.71.
Shares of Domtar Corp. (NYSE:UFS) traded down 0.56% on Thursday, hitting $37.29. 76,700 shares of the stock were exchanged. Domtar Corp. has a 12 month low of $29.88 and a 12 month high of $42.95. The company has a market cap of $2.33 billion, a PE ratio of 26.06 and a beta of 1.67. The company has a 50-day moving average price of $37.48 and a 200 day moving average price of $37.63.
Domtar Corp. (NYSE:UFS) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.48. Domtar Corp. had a net margin of 1.74% and a return on equity of 6.84%. The company earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Domtar Corp. will post $2.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a $0.415 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.66 annualized dividend and a yield of 4.43%. Domtar Corp.’s dividend payout ratio (DPR) is presently 116.08%.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors raised its position in shares of Domtar Corp. by 6.8% in the second quarter. BlackRock Fund Advisors now owns 6,020,617 shares of the company’s stock valued at $210,782,000 after buying an additional 384,293 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Domtar Corp. by 12.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,138,421 shares of the company’s stock valued at $179,895,000 after buying an additional 587,161 shares during the last quarter. LSV Asset Management raised its stake in Domtar Corp. by 1.4% in the second quarter. LSV Asset Management now owns 3,035,059 shares of the company’s stock worth $106,257,000 after buying an additional 42,334 shares in the last quarter. Fairpointe Capital LLC raised its stake in Domtar Corp. by 2.8% in the first quarter. Fairpointe Capital LLC now owns 2,947,034 shares of the company’s stock worth $119,355,000 after buying an additional 81,538 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Domtar Corp. by 3.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,497,374 shares of the company’s stock worth $101,144,000 after buying an additional 88,689 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.
Domtar Corp. 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 operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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