Domtar Corporation (UFS) Receives Price Target

Domtar Corporation (UFS) : 8 investment research analysts covering Domtar Corporation (UFS) have an average price target of $40.88 for the near short term. The highest target price given by the Brokerage Firm to the stock is $50 and the lowest target is $32 for the short term. Analysts expect the variance to be within $6.51 of the average price.

Domtar Corporation (UFS) : Zacks Investment Research ranks Domtar Corporation (UFS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.38, which indicates as a Hold.


Also, Citigroup maintains its rating on Domtar Corporation (NYSE:UFS). The global brokerage major raises the current price target from $37 per share to $41 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on August 2, 2016.

Domtar Corporation (NYSE:UFS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.41 and $37.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.90, notching a gain of 1.55% for the day. The total traded volume was 555,965 . The stock had closed at $37.32 on the previous day.

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 operates in two business segments: Pulp and Paper and Personal Care. The Companys Pulp and Paper segment is engaged in the design, manufacturing, marketing and distribution of communication papers, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp. The Companys Personal Care segment is involved in the manufacturing, marketing and distribution of absorbent hygiene products. The Company is an integrated marketer and manufacturer of uncoated freesheet paper in North America for a range of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end-users. It is also a marketer and producer of a broad line of incontinence care products.

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