Trading Report: Today, Domtar Corp. (UFS) Upgraded to Neutral at Moffett Nathanson

Today, Domtar Corp. (UFS) Upgraded to Neutral at Moffett Nathanson

Moffett Nathanson upgraded shares of Domtar Corp. (NYSE:UFS) from an underperform rating to a neutral rating in a research note released on Monday.

A number of other research analysts also recently weighed in on the company. DA Davidson downgraded Domtar Corp. from a neutral rating to an underperform rating and dropped their price target for the stock from $42.00 to $30.00 in a research note on Friday, July 8th. Zacks Investment Research raised Domtar Corp. from a hold rating to a strong-buy rating and set a $44.00 price objective for the company in a research note on Wednesday, September 7th. Macquarie lowered their price objective on Domtar Corp. from $45.00 to $41.00 and set an outperform rating for the company in a research note on Thursday, September 15th. Goldman Sachs Group Inc. began coverage on Domtar Corp. in a research note on Thursday, September 22nd. They issued a neutral rating and a $40.00 price objective for the company. Finally, Citigroup Inc. increased their price objective on Domtar Corp. from $37.00 to $41.00 and gave the stock a neutral rating in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $39.71.

Shares of Domtar Corp. (NYSE:UFS) opened at 38.35 on Monday. The firm has a market capitalization of $2.40 billion, a PE ratio of 26.80 and a beta of 1.64. Domtar Corp. has a 12-month low of $29.88 and a 12-month high of $42.95. The company’s 50-day moving average price is $37.06 and its 200 day moving average price is $37.68.

Domtar Corp. (NYSE:UFS) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.48. Domtar Corp. had a return on equity of 6.84% and a net margin of 1.74%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Domtar Corp. will post $2.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, September 29th. Domtar Corp.’s dividend payout ratio is presently 116.08%.

Several institutional investors have recently added to or reduced their stakes in UFS. IFP Advisors Inc raised its position in Domtar Corp. by 1.0% in the first quarter. IFP Advisors Inc now owns 4,774 shares of the company’s stock valued at $193,000 after buying an additional 49 shares in the last quarter. Boston Advisors LLC raised its position in shares of Domtar Corp. by 0.6% in the second quarter. Boston Advisors LLC now owns 9,425 shares of the company’s stock valued at $330,000 after buying an additional 60 shares during the period. State Treasurer State of Michigan raised its position in shares of Domtar Corp. by 0.4% in the second quarter. State Treasurer State of Michigan now owns 25,100 shares of the company’s stock valued at $879,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Domtar Corp. by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 9,588 shares of the company’s stock valued at $336,000 after buying an additional 141 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in shares of Domtar Corp. by 4.4% in the second quarter. Ameritas Investment Partners Inc. now owns 9,896 shares of the company’s stock valued at $346,000 after buying an additional 418 shares during the period. 84.60% of the stock is owned by institutional investors.

About Domtar Corp.

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