Domtar Corp (USA) (UFS) is Initiated by Goldman to Neutral

Domtar Corp (USA) (UFS) was Initiated by Goldman to “Neutral”. Goldman advised their investors in a research report released on Sep 22, 2016.

Many Wall Street Analysts have commented on Domtar Corp (USA). Company shares were Reiterated by DA Davidson on Jul 28, 2016 to “Underperform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .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) opened for trading at $35.97 and hit $36.13 on the upside on Tuesday, eventually ending the session at $35.79, with a gain of 0.08% or 0.03 points. The heightened volatility saw the trading volume jump to 4,13,626 shares. Company has a market cap of $2,240 M.

Investors should note that on Aug 3, 2016, Domtar Corp (USA) announced a cash dividend of $0.4150. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 17, 2016.

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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