Domtar Corporation (UFS) : Traders are bullish on Domtar Corporation (UFS) as it has outperformed the S&P 500 by a wide margin of 9.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.49%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.46% in the last 1 week, and is up 9.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Domtar Corporation is up 1.88% in the last 3-month period. Year-to-Date the stock performance stands at 5.87%. The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 4.8%.
Domtar Corporation (NYSE:UFS): The stock opened at $38.13 on Friday but the bulls could not build on the opening and the stock topped out at $38.56 for the day. The stock traded down to $37.90 during the day, due to lack of any buying support eventually closed down at $38.25 with a loss of -0.52% for the day. The stock had closed at $38.45 on the previous day. The total traded volume was 270,787 shares.
Also, Equity Analysts at the Citigroup maintains the rating on Domtar Corporation (NYSE:UFS). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $37 per share to $41 per share. The rating by the firm was issued on August 2, 2016.
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.