The stock of Domtar Corp (USA) (NYSE:UFS) is a huge mover today! About 297,620 shares traded hands. Domtar Corp (USA) (NYSE:UFS) has risen 6.74% since March 1, 2016 and is uptrending. It has underperformed by 2.50% the S&P500.
The move comes after 8 months positive chart setup for the $2.37B company. It was reported on Oct, 4 by Barchart.com. We have $56.94 PT which if reached, will make NYSE:UFS worth $1.21B more.
Analysts await Domtar Corp (USA) (NYSE:UFS) to report earnings on November, 4. They expect $1.01 EPS, up 17.44% or $0.15 from last year’s $0.86 per share. UFS’s profit will be $63.48M for 9.33 P/E if the $1.01 EPS becomes a reality. After $0.61 actual EPS reported by Domtar Corp (USA) for the previous quarter, Wall Street now forecasts 65.57% EPS growth.
Domtar Corp (USA) (NYSE:UFS) Ratings Coverage
Out of 7 analysts covering Domtar Corp. (NYSE:UFS), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Domtar Corp. has been the topic of 11 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, September 22 by Goldman Sachs. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 2 report. As per Tuesday, November 10, the company rating was upgraded by Macquarie Research. Bank of America upgraded the stock to “Neutral” rating in Monday, October 3 report. As per Friday, July 8, the company rating was downgraded by DA Davidson. Bank of America downgraded the stock to “Underperform” rating in Wednesday, April 6 report. The firm has “Sector Perform” rating given on Friday, April 15 by National Bank Canada.
According to Zacks Investment Research, “Domtar is a major North American manufacturer of pulp and forest products, fine papers and packaging that fosters sustainable development through the rigorous application of its integrated forest management policy. A leading manufacturer and marketer of printing and writing papers, Domtar is also a significant Canadian producer of containerboard and corrugated containers and a major Eastern Canadian lumber producer.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.37, from 1.34 in 2016Q1. The ratio dived, as 29 funds sold all Domtar Corp (USA) shares owned while 89 reduced positions. 27 funds bought stakes while 88 increased positions. They now own 51.73 million shares or 4.13% less from 53.95 million shares in 2016Q1.
Century Mngmt Limited Liability Corporation reported 60,999 shares or 0.24% of all its holdings. Moreover, Calvert Management has 0.02% invested in Domtar Corp (USA) (NYSE:UFS) for 8,662 shares. Arizona State Retirement Systems accumulated 0.01% or 24,444 shares. Kbc Gru Nv accumulated 0.07% or 133,330 shares. Swiss Comml Bank reported 105,300 shares or 0.01% of all its holdings. Bokf Na has 26,388 shares for 0.03% of their US portfolio. Shelton Capital Management accumulated 6,701 shares or 0.02% of the stock. Moreover, Allianz Asset Management Ag has 0.01% invested in Domtar Corp (USA) (NYSE:UFS) for 637,836 shares. Vanguard Gp reported 5.28M shares or 0.01% of all its holdings. Moreover, Federated Invsts Incorporated Pa has 0.01% invested in Domtar Corp (USA) (NYSE:UFS) for 123,323 shares. Jpmorgan Chase And has 419,022 shares for 0% of their US portfolio. Eqis Cap Management reported 6,801 shares or 0.02% of all its holdings. Enterprise Serv has 245 shares for 0.01% of their US portfolio. Blackrock Investment Lc holds 0.02% of its portfolio in Domtar Corp (USA) (NYSE:UFS) for 374,069 shares. Teachers Retirement Of The State Of Kentucky owns 13,900 shares or 0.01% of their US portfolio.
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 2 insider sales for $1.20 million net activity. Shares for $827,434 were sold by Williams John David. Shares for $369,600 were sold by Fagan Michael on Thursday, May 5.
More news for Domtar Corp (USA) (NYSE:UFS) were recently published by: Bizjournals.com, which released: “Domtar to cut 100 jobs from eastern N.C. pulp plant” on September 30, 2016. Bizjournals.com‘s article titled: “Domtar to spend up to $55M for adult diaper delivery company” and published on August 18, 2016 is yet another important article.
UFS Company Profile
Domtar Corporation, incorporated on August 16, 2006, designs, makes, markets and distributes a range of fiber products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Firm operates through two business divisions: Pulp and Paper, and Personal Care. The Company’s Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp. The Company’s Personal Care segment is involved in the designing, manufacturing, marketing and distribution of absorbent hygiene products. The Firm is an integrated marketer of uncoated freesheet paper in North America serving a range of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end users. It is also a marketer and producer of a range of incontinence care products, marketed under the Attends, IncoPack and Indasec brand names, as well as infant diapers.
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