CLSA Raises Domtar Corp. to Outperform (UFS)

By admin | 6 years ago

Domtar Corp. (NYSE: UFS) was upgraded by CLSA from an “underperform” rating to an “outperform” rating in a research note issued on Monday.

A number of other analysts have also recently weighed in on UFS. Analysts at Credit Agricole upgraded shares of Domtar Corp. from an “underperform” rating to an “outperform” rating in a research note to investors on Monday. Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of Domtar Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, April 3rd. Finally, analysts at Scotia Capital downgraded shares of Domtar Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, March 26th.

Domtar Corp. traded down 3.91% on Monday, hitting $81.50. Domtar Corp. has a 52-week low of $62.28 and a 52-week high of $105.82. The company has a market cap of $2.991 billion and a price-to-earnings ratio of 12.67.

Domtar Corp. last posted its quarterly earnings results on Thursday, April 26th. The company reported $1.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.99 by $0.34. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts expect that Domtar Corp. will post $2.55 EPS next quarter.

Domtar Corporation (Domtar) is an integrated manufacturer and marketer of uncoated freesheet paper in North America.

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