Domtar (UFS) Rating Increased to Neutral at Citigroup

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Domtar (NYSE:UFS) (TSE:UFS) was upgraded by equities researchers at Citigroup from a “sell” rating to a “neutral” rating in a research report issued on Friday, The Fly reports. The firm currently has a $53.00 target price on the basic materials company’s stock, up from their previous target price of $47.00. Citigroup’s target price suggests a potential upside of 1.07% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Domtar from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. BMO Capital Markets raised their target price on shares of Domtar from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday, August 13th. Royal Bank of Canada raised their target price on shares of Domtar from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday, August 2nd. KeyCorp raised shares of Domtar from an “underweight” rating to a “sector weight” rating in a research note on Wednesday, August 1st. Finally, TheStreet raised shares of Domtar from a “c+” rating to a “b-” rating in a research note on Monday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Domtar presently has a consensus rating of “Hold” and an average target price of $46.08.

NYSE:UFS traded up $0.70 during mid-day trading on Friday, reaching $52.44. 5,456 shares of the company were exchanged, compared to its average volume of 410,920. Domtar has a 12 month low of $39.56 and a 12 month high of $52.58. The company has a quick ratio of 1.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.26 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.68 and a beta of 1.65.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Domtar had a positive return on equity of 7.79% and a negative net margin of 3.25%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. equities analysts predict that Domtar will post 3.86 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of Domtar by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 273,787 shares of the basic materials company’s stock valued at $11,647,000 after acquiring an additional 6,663 shares during the period. Green Square Capital LLC acquired a new stake in shares of Domtar in the 1st quarter valued at approximately $5,250,000. Acadian Asset Management LLC acquired a new stake in shares of Domtar in the 2nd quarter valued at approximately $56,384,000. Systematic Financial Management LP raised its position in shares of Domtar by 15.9% in the 2nd quarter. Systematic Financial Management LP now owns 354,236 shares of the basic materials company’s stock valued at $16,911,000 after acquiring an additional 48,612 shares during the period. Finally, World Asset Management Inc acquired a new stake in shares of Domtar in the 2nd quarter valued at approximately $211,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

About Domtar

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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