Domtar (NYSE:UFS) Rating Lowered to C+ at TheStreet

Domtar (NYSE:UFS) (TSE:UFS) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a report released on Thursday, TheStreetRatingsTable reports.

A number of other brokerages have also commented on UFS. Zacks Investment Research lowered Domtar from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Bank of America upgraded Domtar from a “neutral” rating to a “buy” rating in a report on Tuesday, April 30th. DA Davidson upgraded Domtar from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Thursday, May 2nd. Raymond James lowered their target price on Domtar from $48.00 to $45.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, Goldman Sachs Group upgraded Domtar from a “neutral” rating to a “buy” rating and boosted their target price for the company from $51.00 to $56.00 in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.31.

Domtar stock traded down $1.68 during mid-day trading on Thursday, reaching $35.99. 1,143,099 shares of the company’s stock were exchanged, compared to its average volume of 574,511. The business has a fifty day simple moving average of $42.52. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 7.81 and a beta of 1.89. Domtar has a one year low of $33.81 and a one year high of $54.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.19 and a quick ratio of 1.11.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.30). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. Domtar had a return on equity of 12.88% and a net margin of 5.63%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. As a group, equities research analysts anticipate that Domtar will post 4.82 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of Domtar in the second quarter valued at $50,000. AGF Investments LLC grew its position in shares of Domtar by 75.1% in the second quarter. AGF Investments LLC now owns 1,250 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 536 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Domtar by 872.3% in the first quarter. Meeder Asset Management Inc. now owns 3,267 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 2,931 shares in the last quarter. Juncture Wealth Strategies LLC purchased a new position in shares of Domtar in the first quarter valued at $203,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Domtar in the first quarter valued at $208,000. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Domtar Company Profile

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

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Analyst Recommendations for Domtar (NYSE:UFS)

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