Domtar (UFS) PT Set at $53.00 by Stephens

Stephens set a $53.00 price objective on Domtar (NYSE:UFS) (TSE:UFS) in a research report released on Wednesday morning. The firm currently has a hold rating on the basic materials company’s stock.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Domtar from a hold rating to a buy rating and set a $56.00 price target for the company in a report on Wednesday, December 27th. Citigroup reiterated a sell rating and set a $40.00 price target (down from $41.00) on shares of Domtar in a report on Thursday, October 5th. KeyCorp set a $33.00 price target on shares of Domtar and gave the stock a sell rating in a report on Thursday, October 12th. Scotiabank set a $41.00 price target on shares of Domtar and gave the stock a sector perform rating in a report on Monday, October 30th. Finally, National Bank Financial upped their price target on shares of Domtar from $42.00 to $46.00 and gave the stock a sector perform rating in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $45.27.

Domtar (UFS) opened at $50.33 on Wednesday. Domtar has a 1 year low of $35.47 and a 1 year high of $51.57. The company has a market cap of $3,155.39, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 3.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 2.29.

Domtar (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings data on Friday, October 27th. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.73 by $0.30. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. Domtar had a net margin of 3.44% and a return on equity of 6.17%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. equities research analysts anticipate that Domtar will post 2.67 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a $0.415 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.66 annualized dividend and a dividend yield of 3.30%. Domtar’s dividend payout ratio is 59.50%.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Domtar by 1.0% in the second quarter. BlackRock Inc. now owns 10,480,620 shares of the basic materials company’s stock worth $402,666,000 after purchasing an additional 103,558 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Domtar by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,342,007 shares of the basic materials company’s stock worth $205,240,000 after purchasing an additional 53,417 shares during the last quarter. Fairpointe Capital LLC grew its stake in shares of Domtar by 5.6% in the second quarter. Fairpointe Capital LLC now owns 3,870,164 shares of the basic materials company’s stock worth $148,692,000 after purchasing an additional 205,810 shares during the last quarter. State Street Corp grew its stake in shares of Domtar by 0.5% in the second quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock worth $68,104,000 after purchasing an additional 8,827 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Domtar by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 1,097,537 shares of the basic materials company’s stock worth $47,622,000 after purchasing an additional 5,336 shares during the last quarter. 91.01% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Domtar (NYSE:UFS)

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