Domtar Corp (USA) (UFS) is Reiterated by DA Davidson to Underperform, Raises Price Target to $ 32

Domtar Corp (USA) (UFS) was Reiterated by DA Davidson to “Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $30 . DA Davidson advised their investors in a research report released on Jul 28, 2016.

Many Wall Street Analysts have commented on Domtar Corp (USA). Shares were Downgraded by DA Davidson on Jul 8, 2016 to ” Underperform” and Lowered the Price Target to $ 30 from a previous price target of $42 .

On the company’s financial health, Domtar Corp (USA) reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.48 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.13. The company had revenue of $1267.00 million for the quarter, compared to analysts expectations of $1260.44 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Domtar Corp (USA) (UFS) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $39.66 and reached the intraday high at $40.01. The bulls started the profit booking and pushed the shares to intraday low of $39.43. The trading session was marked by a volume range of 6,14,318 shares exchanging hands. The 52-week high of the shares is $42.95 and the 52-week low is $29.88. The market cap of the company stands at $2,474 M and there are 6,25,85,337 shares in public circulation.

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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