Domtar Corporation (UFS) Receives Consensus Rating of “Hold” from Analysts

Shares of Domtar Corporation (NYSE:UFS) (TSE:UFS) have been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $42.44.

Several equities analysts recently weighed in on UFS shares. Scotiabank set a $41.00 price target on shares of Domtar and gave the stock a “sector perform” rating in a report on Monday, October 30th. ValuEngine upgraded shares of Domtar from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Citigroup reiterated a “sell” rating and issued a $40.00 price target (down previously from $41.00) on shares of Domtar in a report on Thursday, October 5th. KeyCorp set a $33.00 price objective on shares of Domtar and gave the stock a “sell” rating in a research note on Thursday, October 12th. Finally, Stephens began coverage on shares of Domtar in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $43.00 price objective on the stock.

In other news, insider Michael Dennis Garcia sold 4,712 shares of the firm’s 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 sale, the insider now owns 4,712 shares of the company’s stock, valued at approximately $201,343.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Domtar by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,610 shares of the basic materials company’s stock valued at $100,000 after buying an additional 320 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Domtar by 176.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,905 shares of the basic materials company’s stock valued at $126,000 after buying an additional 1,853 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Domtar during the 3rd quarter valued at approximately $206,000. Teacher Retirement System of Texas purchased a new position in shares of Domtar during the 3rd quarter valued at approximately $224,000. Finally, Bridgewater Associates LP purchased a new position in shares of Domtar during the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Shares of Domtar (NYSE:UFS) traded down $0.10 during trading hours on Friday, reaching $48.14. 291,346 shares of the company traded hands, compared to its average volume of 566,741. Domtar has a one year low of $35.47 and a one year high of $49.26. The company has a current ratio of 2.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a market cap of $3,021.21, a P/E ratio of 17.78, a PEG ratio of 3.65 and a beta of 1.54.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.30. Domtar 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 the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company earned $1.13 EPS. Domtar’s quarterly revenue was up 1.7% on a year-over-year basis. research analysts anticipate that Domtar will post 2.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.45%. Domtar’s payout ratio is 59.50%.

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About Domtar

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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