Shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) have earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $39.86.
UFS has been the subject of several analyst reports. Bank of America Corp raised shares of Domtar Corporation from an “underperform” rating to a “neutral” rating in a research note on Monday, October 3rd. Zacks Investment Research cut shares of Domtar Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Finally, Moffett Nathanson raised shares of Domtar Corporation from an “underperform” rating to a “neutral” rating in a research note on Monday, October 3rd.
Shares of Domtar Corporation (NYSE:UFS) traded up 3.590% during trading on Friday, reaching $43.974. 313,089 shares of the company traded hands. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 20.043 and a beta of 1.58. Domtar Corporation has a 52 week low of $29.88 and a 52 week high of $44.58. The firm’s 50 day moving average price is $40.14 and its 200-day moving average price is $37.91.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.66 dividend on an annualized basis and a yield of 3.91%. Domtar Corporation’s dividend payout ratio (DPR) is presently 75.45%.
A number of large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Domtar Corporation during the fourth quarter worth about $4,297,000. NN Investment Partners Holdings N.V. raised its stake in Domtar Corporation by 3.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 294,300 shares of the company’s stock worth $11,486,000 after buying an additional 9,900 shares during the period. D.A. Davidson & CO. raised its stake in Domtar Corporation by 21.0% in the third quarter. D.A. Davidson & CO. now owns 4,308 shares of the company’s stock worth $158,000 after buying an additional 747 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Domtar Corporation during the third quarter worth about $522,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in Domtar Corporation by 8.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 76,369 shares of the company’s stock worth $2,835,000 after buying an additional 5,993 shares during the period. Institutional investors own 82.88% of the company’s stock.
Domtar Corporation 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.