Press coverage about Domtar Corporation (NYSE:UFS) (TSE:UFS) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Domtar Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 48.4934834466417 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Domtar Corporation (UFS) Announces Quarterly Dividend of $0.42 (americanbankingnews.com)
- Notable News Buzz: Nielsen Holdings plc, (NYSE: NLSN), Domtar … – Stocks In The News (press release) (tradingnewsnow.com)
- National Bank Financial Comments on Domtar Corporation’s FY2017 Earnings (UFS) (americanbankingnews.com)
- National Bank Financial Brokers Boost Earnings Estimates for Domtar Corporation (UFS) (americanbankingnews.com)
- National Bank Financial Raises Domtar Corporation (UFS) Price Target to $46.00 (americanbankingnews.com)
Shares of Domtar Corporation (NYSE UFS) traded down $0.25 during mid-day trading on Friday, hitting $47.21. 541,471 shares of the stock were exchanged, compared to its average volume of 696,474. Domtar Corporation has a 12 month low of $33.99 and a 12 month high of $48.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 1.20. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 3.63 and a beta of 1.54.
Domtar Corporation (NYSE:UFS) (TSE:UFS) last announced its earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.30. Domtar Corporation had a net margin of 3.44% and a return on equity of 6.17%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $1.13 earnings per share. Domtar Corporation’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Domtar Corporation will post 2.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be issued a $0.415 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.66 annualized dividend and a yield of 3.52%. Domtar Corporation’s dividend payout ratio is currently 59.50%.
Several brokerages have weighed in on UFS. National Bank Financial upped their price objective on shares of Domtar Corporation from $42.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Monday, October 30th. DA Davidson upped their price objective on shares of Domtar Corporation to $37.00 and gave the stock an “underperform” rating in a research note on Monday, October 30th. KeyCorp set a $33.00 price objective on shares of Domtar Corporation and gave the stock a “sell” rating in a research note on Friday, October 27th. Stephens began coverage on shares of Domtar Corporation in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $43.00 price objective on the stock. Finally, BidaskClub cut shares of Domtar Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Domtar Corporation currently has an average rating of “Hold” and a consensus target price of $43.30.
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In related news, insider Michael Fagan sold 4,154 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $41.40, for a total value of $171,975.60. Following the transaction, the insider now directly owns 10,649 shares in the company, valued at $440,868.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Dennis Garcia sold 4,712 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $42.73, for a total transaction of $201,343.76. Following the completion of the transaction, the insider now owns 4,712 shares in the company, valued at $201,343.76. The disclosure for this sale can be found here. Insiders sold 13,766 shares of company stock worth $569,809 over the last 90 days. 1.04% of the stock is currently owned by company insiders.
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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