Credit Agricole Raises Domtar Corp. to Outperform (UFS)

By admin | 7 years ago

Domtar Corp. (NYSE: UFS) was upgraded by equities researchers at Credit Agricole from an “underperform” rating to an “outperform” rating in a report issued on Monday.

Domtar Corp. traded down 3.90% on Monday, hitting $81.51. Domtar Corp. has a 1-year low of $62.28 and a 1-year 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 released its earnings data on Thursday, April 26th. The company reported $1.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.99 by $0.34. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that Domtar Corp. will post $2.55 earnings per share next quarter.

Several other analysts have also recently commented on the stock. 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. 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 Corporation (Domtar) is an integrated manufacturer and marketer of uncoated freesheet paper in North America.

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