ValuEngine upgraded shares of Domtar (NYSE:UFS) (TSE:UFS) from a buy rating to a strong-buy rating in a research note released on Thursday morning.
Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada cut shares of Domtar from an outperform rating to a sector perform rating and set a $50.00 target price for the company. in a research note on Friday, January 12th. They noted that the move was a valuation call. Raymond James Financial cut shares of Domtar from an outperform rating to a market perform rating in a research note on Monday, January 29th. Vertical Group cut shares of Domtar from a buy rating to a hold rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Domtar from a hold rating to a buy rating and set a $56.00 target price for the company in a research note on Wednesday, December 27th. Finally, National Bank Financial reduced their target price on shares of Domtar from $46.00 to $42.00 and set a sector perform rating for the company in a research note on Friday, February 9th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average price target of $44.33.
Shares of Domtar (UFS) opened at $46.55 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.45. Domtar has a fifty-two week low of $35.47 and a fifty-two week high of $52.58. The stock has a market cap of $2,918.55, a PE ratio of -13.77, a price-to-earnings-growth ratio of 3.10 and a beta of 1.63.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.435 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from Domtar’s previous quarterly dividend of $0.42. Domtar’s dividend payout ratio (DPR) is currently -49.11%.
In related news, CEO John David Williams sold 68,556 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $45.28, for a total value of $3,104,215.68. Following the completion of the sale, the chief executive officer now owns 55,242 shares of the company’s stock, valued at $2,501,357.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Fagan sold 23,674 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $44.87, for a total transaction of $1,062,252.38. Following the completion of the sale, the insider now directly owns 19,477 shares of the company’s stock, valued at approximately $873,932.99. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.
Several institutional investors have recently modified their holdings of UFS. Public Employees Retirement System of Ohio increased its holdings in shares of Domtar by 1.7% in the second quarter. Public Employees Retirement System of Ohio now owns 25,816 shares of the basic materials company’s stock valued at $992,000 after purchasing an additional 435 shares in the last quarter. Aperio Group LLC boosted its stake in Domtar by 10.3% in the third quarter. Aperio Group LLC now owns 43,411 shares of the basic materials company’s stock valued at $1,884,000 after acquiring an additional 4,036 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Domtar in the third quarter valued at approximately $648,000. Victory Capital Management Inc. boosted its stake in Domtar by 19.6% in the third quarter. Victory Capital Management Inc. now owns 18,901 shares of the basic materials company’s stock valued at $820,000 after acquiring an additional 3,094 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Domtar by 110.1% in the third quarter. American Century Companies Inc. now owns 24,377 shares of the basic materials company’s stock valued at $1,058,000 after acquiring an additional 12,772 shares during the last quarter. 92.98% of the stock is owned by institutional investors and hedge funds.
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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.
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