Domtar (UFS) Given a $53.00 Price Target at Stephens

Domtar (NYSE:UFS) (TSE:UFS) has been given a $53.00 price target by research analysts at Stephens in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the basic materials company’s stock. Stephens’ target price indicates a potential upside of 3.46% from the stock’s previous close.

A number of other research firms have also commented on UFS. Scotiabank set a $41.00 target price on shares of Domtar and gave the stock a “sector perform” rating in a report on Monday, October 30th. Vertical Group lowered shares of Domtar from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine lowered shares of Domtar from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Citigroup reaffirmed a “sell” rating and set a $40.00 target price (down previously from $41.00) on shares of Domtar in a report on Thursday, October 5th. Finally, KeyCorp set a $33.00 target price on shares of Domtar and gave the stock a “sell” rating in a report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $44.80.

Shares of Domtar (NYSE UFS) opened at $51.23 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Domtar has a fifty-two week low of $35.47 and a fifty-two week high of $51.57. The company has a market cap of $3,200.00, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 3.50 and a beta of 1.54.

Domtar (NYSE:UFS) (TSE:UFS) last released its earnings results on Friday, October 27th. The basic materials company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.30. Domtar had a net margin of 3.44% and a return on equity of 6.17%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. equities analysts forecast that Domtar will post 2.67 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Domtar by 1.0% during the second quarter. BlackRock Inc. now owns 10,480,620 shares of the basic materials company’s stock worth $402,666,000 after purchasing an additional 103,558 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Domtar by 1.0% during the second quarter. Vanguard Group Inc. now owns 5,342,007 shares of the basic materials company’s stock worth $205,240,000 after purchasing an additional 53,417 shares in the last quarter. Fairpointe Capital LLC boosted its position in shares of Domtar by 5.6% during the second quarter. Fairpointe Capital LLC now owns 3,870,164 shares of the basic materials company’s stock worth $148,692,000 after purchasing an additional 205,810 shares in the last quarter. State Street Corp boosted its position in shares of Domtar by 0.5% during the second quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock worth $68,104,000 after purchasing an additional 8,827 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Domtar by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 1,097,537 shares of the basic materials company’s stock worth $47,622,000 after purchasing an additional 5,336 shares in the last quarter. 91.01% of the stock is currently owned by institutional investors.

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Domtar 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 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.

Analyst Recommendations for Domtar (NYSE:UFS)

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