Several other equities analysts also recently commented on the stock. DA Davidson downgraded shares of Domtar Corp. from a neutral rating to an underperform rating and dropped their price target for the stock from $42.00 to $30.00 in a research note on Friday, July 8th. Zacks Investment Research upgraded shares of Domtar Corp. from a hold rating to a strong-buy rating and set a $44.00 price target for the company in a research note on Wednesday, September 7th. 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 note on Thursday, September 15th. Goldman Sachs Group Inc. initiated coverage on shares of Domtar Corp. in a research note on Thursday, September 22nd. They issued a neutral rating and a $40.00 price target for the company. Finally, Citigroup Inc. boosted their price target on shares of Domtar Corp. from $37.00 to $41.00 and gave the stock a neutral rating in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Domtar Corp. has a consensus rating of Hold and an average price target of $39.71.
Domtar Corp. (NYSE:UFS) opened at 37.76 on Monday. The company has a 50 day moving average price of $37.05 and a 200 day moving average price of $37.67. Domtar Corp. has a 52-week low of $29.88 and a 52-week high of $42.95. The firm has a market capitalization of $2.36 billion, a P/E ratio of 26.39 and a beta of 1.64.
Domtar Corp. (NYSE:UFS) last posted its earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm earned $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Domtar Corp. will post $2.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be given a $0.415 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.66 dividend on an annualized basis and a yield of 4.40%. Domtar Corp.’s dividend payout ratio (DPR) is presently 116.08%.
A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of Domtar Corp. by 22.0% in the second quarter. Sei Investments Co. now owns 3,003 shares of the company’s stock worth $105,000 after buying an additional 542 shares during the period. Invictus RG bought a new stake in shares of Domtar Corp. during the second quarter worth $118,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Domtar Corp. during the second quarter worth $123,000. LS Investment Advisors LLC boosted its stake in shares of Domtar Corp. by 72.9% in the second quarter. LS Investment Advisors LLC now owns 3,785 shares of the company’s stock worth $133,000 after buying an additional 1,596 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Domtar Corp. by 1.0% in the first quarter. IFP Advisors Inc now owns 4,774 shares of the company’s stock worth $193,000 after buying an additional 49 shares during the period. 84.60% of the stock is owned by hedge funds and other institutional investors.
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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