Domtar (NYSE:UFS) Downgraded to “C+” at TheStreet

TheStreet downgraded shares of Domtar (NYSE:UFS) (TSE:UFS) from a b rating to a c+ rating in a research report report published on Thursday, TheStreetRatingsTable reports.

UFS has been the subject of several other research reports. Vertical Research lowered shares of Domtar from a buy rating to a hold rating in a research report on Tuesday, July 2nd. Vertical Group lowered shares of Domtar from a buy rating to a hold rating in a research report on Tuesday, July 2nd. TD Securities reduced their price objective on shares of Domtar from $48.00 to $43.00 and set a hold rating for the company in a research report on Friday. Raymond James reduced their price objective on shares of Domtar from $48.00 to $45.00 and set a market perform rating for the company in a research report on Friday. Finally, DA Davidson upgraded shares of Domtar from a neutral rating to a buy rating and set a $57.00 price objective for the company in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $50.31.

UFS traded down $1.68 on Thursday, reaching $35.99. The company had a trading volume of 1,143,099 shares, compared to its average volume of 574,511. The firm has a fifty day moving average of $42.52. The stock has a market cap of $2.68 billion, a P/E ratio of 7.81 and a beta of 1.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.19 and a quick ratio of 1.11. Domtar has a one year low of $33.81 and a one year high of $54.50.

Domtar (NYSE:UFS) (TSE:UFS) last announced its earnings results on Thursday, August 1st. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.30). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. Domtar had a net margin of 5.63% and a return on equity of 12.88%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Sell-side analysts forecast that Domtar will post 4.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Tuesday, July 2nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 5.06%. This is a boost from Domtar’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, July 1st. Domtar’s dividend payout ratio (DPR) is presently 39.48%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Synovus Financial Corp boosted its holdings in shares of Domtar by 2.1% in the first quarter. Synovus Financial Corp now owns 12,606 shares of the basic materials company’s stock worth $630,000 after buying an additional 260 shares during the period. Renaissance Group LLC boosted its holdings in shares of Domtar by 2.0% in the first quarter. Renaissance Group LLC now owns 15,985 shares of the basic materials company’s stock worth $794,000 after buying an additional 317 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Domtar by 0.4% in the first quarter. Retirement Systems of Alabama now owns 81,911 shares of the basic materials company’s stock worth $4,067,000 after buying an additional 355 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Domtar by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 25,351 shares of the basic materials company’s stock worth $1,129,000 after buying an additional 360 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Domtar by 5.0% in the first quarter. Wedge Capital Management L L P NC now owns 9,733 shares of the basic materials company’s stock worth $483,000 after buying an additional 460 shares during the period. Institutional investors own 94.19% of the company’s stock.

Domtar Company Profile

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

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Analyst Recommendations for Domtar (NYSE:UFS)

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