Domtar Corporation (UFS) Getting Somewhat Favorable Press Coverage, Report Finds

Headlines about Domtar Corporation (NYSE:UFS) (TSE:UFS) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Domtar Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.9020788031777 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

Shares of Domtar Corporation (NYSE:UFS) opened at 39.86 on Friday. Domtar Corporation has a one year low of $33.99 and a one year high of $44.58. The firm has a 50-day moving average of $38.58 and a 200 day moving average of $38.31. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 15.20 and a beta of 1.49.

Domtar Corporation (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.53 by $0.08. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.31 billion. Domtar Corporation had a net margin of 3.23% and a return on equity of 6.47%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities research analysts predict that Domtar Corporation will post $2.46 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.415 per share. The ex-dividend date is Friday, September 29th. This represents a $1.66 annualized dividend and a yield of 4.16%. Domtar Corporation’s payout ratio is 63.36%.

UFS has been the subject of a number of analyst reports. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $52.00 target price on shares of Domtar Corporation in a report on Friday, April 28th. TD Securities reiterated a “hold” rating and set a $42.00 target price on shares of Domtar Corporation in a report on Friday, April 28th. Scotiabank increased their target price on shares of Domtar Corporation from $38.50 to $40.50 and gave the stock a “sector perform” rating in a report on Friday, April 28th. ValuEngine lowered shares of Domtar Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, CIBC upgraded shares of Domtar Corporation from a “sector underperform” rating to a “sector perform” rating in a report on Monday, June 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.20.

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About Domtar Corporation

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.

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