Domtar Corp (UFS) Rating Lowered to Hold at ValuEngine

Domtar Corp (UFS) Rating Lowered to Hold at ValuEngine

Domtar Corp (NYSE:UFS) (TSE:UFS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

UFS has been the subject of several other research reports. Zacks Investment Research cut Domtar Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 7th. Scotiabank boosted their price target on Domtar Corp from $38.50 to $40.50 and gave the company a “sector perform” rating in a research note on Friday, April 28th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $52.00 price target on shares of Domtar Corp in a research note on Friday, April 28th. TD Securities reissued a “hold” rating and issued a $42.00 price target on shares of Domtar Corp in a research note on Friday, April 28th. Finally, Citigroup Inc reissued a “neutral” rating and issued a $39.00 price target (down previously from $41.00) on shares of Domtar Corp in a research note on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Domtar Corp has a consensus rating of “Hold” and an average target price of $42.17.

Domtar Corp (UFS) opened at 37.07 on Friday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 16.12 and a beta of 1.59. The company has a 50-day moving average of $37.75 and a 200 day moving average of $38.98. Domtar Corp has a 12-month low of $32.74 and a 12-month high of $44.58.

Domtar Corp (NYSE:UFS) (TSE:UFS) last announced its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Domtar Corp had a return on equity of 2.99% and a net margin of 1.53%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. Equities analysts anticipate that Domtar Corp will post $2.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be issued a $0.415 dividend. The ex-dividend date is Thursday, June 29th. This represents a $1.66 annualized dividend and a yield of 4.48%. Domtar Corp’s dividend payout ratio (DPR) is currently 81.37%.

In related news, insider Michael Dennis Garcia sold 15,628 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $38.80, for a total value of $606,366.40. Following the completion of the sale, the insider now directly owns 3,290 shares in the company, valued at approximately $127,652. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Fagan sold 7,507 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $39.60, for a total value of $297,277.20. Following the completion of the sale, the insider now owns 14,002 shares of the company’s stock, valued at $554,479.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,269 shares of company stock valued at $1,027,531. Corporate insiders own 0.85% of the company’s stock.

A number of large investors have recently bought and sold shares of UFS. BlackRock Inc. raised its stake in Domtar Corp by 8,753.9% in the first quarter. BlackRock Inc. now owns 10,377,062 shares of the basic materials company’s stock valued at $378,971,000 after buying an additional 10,259,859 shares during the period. Fairpointe Capital LLC raised its stake in Domtar Corp by 29.7% in the first quarter. Fairpointe Capital LLC now owns 3,664,354 shares of the basic materials company’s stock valued at $133,822,000 after buying an additional 839,266 shares during the period. Norges Bank bought a new stake in Domtar Corp during the fourth quarter valued at $23,553,000. Federated Investors Inc. PA raised its stake in Domtar Corp by 359.1% in the fourth quarter. Federated Investors Inc. PA now owns 559,060 shares of the basic materials company’s stock valued at $21,820,000 after buying an additional 437,278 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Domtar Corp by 1,243.6% in the first quarter. Renaissance Technologies LLC now owns 280,042 shares of the basic materials company’s stock valued at $10,227,000 after buying an additional 259,200 shares during the period. Hedge funds and other institutional investors own 82.05% of the company’s stock.

About Domtar Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UFS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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