Domtar Corp (USA) (UFS) is Downgraded by DA Davidson to Underperform, Lowers Price Target to $ 30

Domtar Corp (USA) (UFS) was Downgraded by DA Davidson to ” Underperform” while Lowering the Price Target of the company shares to $ 30 from a previous price target of $42 . Earlier the firm had a rating of “Neutral ” on the company shares. DA Davidson advised their investors in a research report released on Jul 8, 2016.

On the company’s financial health, Domtar Corp (USA) reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.39. The company had revenue of $1287.00 million for the quarter, compared to analysts expectations of $1276.33 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Domtar Corp (USA) closed down -1.09 points or -3.10% at $34.04 with 4,45,530 shares getting traded on Tuesday. Post opening the session at $34.93, the shares hit an intraday low of $33.9 and an intraday high of $35.135 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 18, 2016, John David Williams (President and CEO) sold 21,977 shares at $37.65 per share price. According to the SEC, 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.

Domtar Corp (USA)

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