Domtar Co. (NYSE:UFS) Receives Consensus Rating of “Hold” from Analysts

Shares of Domtar Co. (NYSE:UFS) (TSE:UFS) have earned an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $46.50.

A number of research firms have commented on UFS. BMO Capital Markets lowered Domtar from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $53.00 to $55.50 in a report on Friday, July 16th. Zacks Investment Research lowered Domtar from a “strong-buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Monday, September 6th.

A number of institutional investors and hedge funds have recently made changes to their positions in UFS. Magnetar Financial LLC purchased a new stake in Domtar during the 2nd quarter valued at approximately $119,135,000. Arctis Global LLC purchased a new position in shares of Domtar in the first quarter valued at $59,015,000. Versor Investments LP purchased a new position in shares of Domtar in the second quarter valued at $77,861,000. BlackRock Inc. grew its holdings in shares of Domtar by 16.9% in the second quarter. BlackRock Inc. now owns 8,307,236 shares of the basic materials company’s stock valued at $456,565,000 after purchasing an additional 1,200,037 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Domtar by 1,888.3% in the second quarter. Citigroup Inc. now owns 690,645 shares of the basic materials company’s stock valued at $37,958,000 after purchasing an additional 655,910 shares in the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

UFS stock traded up $0.07 on Monday, reaching $54.91. 454,256 shares of the company traded hands, compared to its average volume of 944,134. Domtar has a one year low of $22.70 and a one year high of $55.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.76 and a quick ratio of 1.69. The company has a market cap of $2.77 billion, a P/E ratio of -21.53 and a beta of 1.85. The firm has a fifty day simple moving average of $54.85 and a 200-day simple moving average of $49.46.

Domtar (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data on Thursday, August 5th. The basic materials company reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.04). Domtar had a negative net margin of 3.58% and a positive return on equity of 4.75%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, sell-side analysts forecast that Domtar will post 4.78 EPS for the current year.

About Domtar

Domtar Corp. engages in the design, manufacturing, marketing, and distribution of fiber-based products, which includes communication papers, specialty and packaging papers, and absorbent hygiene products. It operates through the Pulp and Paper segment, which involved in the design, manufacturing, marketing, and distribution of communication, specialty and packaging papers, as well as softwood, fluff, and hardwood market pulp.

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Analyst Recommendations for Domtar (NYSE:UFS)

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