Domtar (NYSE:UFS) Cut to “Underperform” at BMO Capital Markets

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BMO Capital Markets cut shares of Domtar (NYSE:UFS) (TSE:UFS) from a market perform rating to an underperform rating in a research report released on Monday morning.

Several other research analysts have also recently issued reports on the company. Raymond James restated a market perform rating and issued a $36.00 price objective on shares of Domtar in a research note on Monday. DA Davidson dropped their target price on Domtar from $51.00 to $46.00 and set a buy rating on the stock in a research report on Monday. ValuEngine upgraded shares of Domtar from a sell rating to a hold rating in a report on Friday, January 10th. TD Securities reduced their price target on shares of Domtar from $40.00 to $38.00 and set a hold rating for the company in a research report on Monday. Finally, Citigroup decreased their price objective on shares of Domtar from $36.00 to $33.00 and set a neutral rating for the company in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $41.67.

NYSE UFS opened at $34.42 on Monday. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 26.89 and a beta of 1.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.98 and a quick ratio of 0.96. The stock’s fifty day moving average price is $37.30 and its 200 day moving average price is $36.46. Domtar has a 1 year low of $31.72 and a 1 year high of $53.89.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings results on Friday, February 7th. The basic materials company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Domtar had a return on equity of 7.33% and a net margin of 1.61%. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Research analysts expect that Domtar will post 1.9 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. O Shares Investment Advisers LLC boosted its position in Domtar by 2.6% in the 4th quarter. O Shares Investment Advisers LLC now owns 13,838 shares of the basic materials company’s stock worth $529,000 after purchasing an additional 350 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Domtar by 37.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,433 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 389 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Domtar by 10.2% in the 3rd quarter. Dupont Capital Management Corp now owns 4,311 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 400 shares during the period. World Asset Management Inc lifted its stake in shares of Domtar by 7.9% in the 3rd quarter. World Asset Management Inc now owns 5,719 shares of the basic materials company’s stock valued at $205,000 after purchasing an additional 417 shares during the period. Finally, Renaissance Group LLC boosted its holdings in Domtar by 2.5% during the third quarter. Renaissance Group LLC now owns 17,114 shares of the basic materials company’s stock worth $613,000 after buying an additional 422 shares in the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

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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