Domtar (UFS) Downgraded to Hold at Vertical Group

Domtar (NYSE:UFS) (TSE:UFS) was downgraded by research analysts at Vertical Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other analysts have also recently commented on UFS. ValuEngine upgraded Domtar from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research raised Domtar from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research note on Thursday, October 5th. Citigroup reissued a “sell” rating and issued a $40.00 price target (down from $41.00) on shares of Domtar in a research note on Thursday, October 5th. KeyCorp set a $33.00 price target on Domtar and gave the stock a “sell” rating in a research note on Thursday, October 12th. Finally, Stephens initiated coverage on Domtar in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $43.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Domtar has an average rating of “Hold” and a consensus target price of $43.80.

Domtar (NYSE:UFS) traded up $0.25 during trading on Thursday, reaching $50.76. The company had a trading volume of 507,700 shares, compared to its average volume of 563,500. The stock has a market cap of $3,166.66, a PE ratio of 18.19, a PEG ratio of 3.51 and a beta of 1.54. Domtar has a 1 year low of $35.47 and a 1 year high of $50.97. 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 (NYSE:UFS) (TSE:UFS) last posted its quarterly earnings data 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. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Domtar had a return on equity of 6.17% and a net margin of 3.44%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. equities research analysts predict that Domtar will post 2.67 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of UFS. BlackRock Inc. lifted its stake in shares of Domtar by 1.0% in the 2nd quarter. BlackRock Inc. now owns 10,480,620 shares of the basic materials company’s stock valued at $402,666,000 after purchasing an additional 103,558 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Domtar by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,342,007 shares of the basic materials company’s stock valued at $205,240,000 after purchasing an additional 53,417 shares in the last quarter. Fairpointe Capital LLC lifted its stake in shares of Domtar by 5.6% in the 2nd quarter. Fairpointe Capital LLC now owns 3,870,164 shares of the basic materials company’s stock valued at $148,692,000 after purchasing an additional 205,810 shares in the last quarter. State Street Corp lifted its stake in shares of Domtar by 0.5% in the 2nd quarter. State Street Corp now owns 1,772,703 shares of the basic materials company’s stock valued at $68,104,000 after purchasing an additional 8,827 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Domtar by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,097,537 shares of the basic materials company’s stock valued at $47,622,000 after purchasing an additional 5,336 shares in the last quarter. 91.01% of the stock is currently owned by hedge funds and other 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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