Brokerage firm Macquarie Maintains its rating on Domtar Corp (USA)(NYSE:UFS). In a research note issued to the investors, the brokerage major Lowers the price-target to $41.00 per share. The shares have been rated Outperform. The rating by Macquarie was issued on Sep 15, 2016.
In a different note, On Aug 2, 2016, Citigroup said it Maintains its rating on Domtar Corp (USA). In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Neutral’ by the firm.
Domtar Corp (USA) (UFS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.08% or 0.03 points. Due to strong positive momentum, the stock ended at $35.79, which is also near the day’s high of $36.13. The stock began the session at $35.97 and the volume stood at 4,13,626 shares. The 52-week high of the shares is $42.95 and the 52 week low is $29.88. The company has a current market capitalization of $2,240 M and it has 6,25,85,337 shares in outstanding.
Domtar Corp (USA) has also declared a cash dividend of $0.4150 on Aug 3, 2016. The shares will quote ex-dividend on Sep 29, 2016 and the record date has been fixed on Oct 3, 2016. The dividend payable date has been fixed on Oct 17, 2016.
Domtar Corp (USA)(UFS) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.27B. Analysts had an estimated revenue of $1.26B. Earnings per share were $0.61. Analysts had estimated an EPS of $0.17.
Several Insider Transactions has been reported to the SEC. On May 18, 2016, John David Williams (President and CEO) sold 21,977 shares at $37.65 per share price.Also, On May 6, 2016, Michael Fagan (President, Personal Care) sold 10,000 shares at $36.96 per share price.
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 Company’s 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 Company’s 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.