Scotia Capital Raises Domtar Corp. to Outperform (UFS)

By admin | 6 years ago

Domtar Corp. (NYSE: UFS) was upgraded by equities researchers at Scotia Capital from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday.

Shares of Domtar Corp. traded up 0.24% during mid-day trading on Tuesday, hitting $80.99. Domtar Corp. has a 52 week low of $62.28 and a 52 week high of $105.64. The company has a market cap of $2.975 billion and a P/E ratio of 12.07.

Domtar Corp. last announced its earnings results on Thursday, April 26th. The company reported $1.65 earnings per share (EPS) for the quarter, missing the 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.

UFS has been the subject of a number of other recent research reports. Analysts at CLSA upgraded shares of Domtar Corp. from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, May 7th. Separately, 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, May 7th. Finally, 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.

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

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