Finally Time To Raise Your Stake? Citigroup Upgrades Domtar (NYSE:UFS) Shares

September 8, 2018 - By Mary Kidd

Domtar Corporation (NYSE:UFS) Logo

Investors sentiment decreased to 1.07 in 2018 Q1. Its down 0.44, from 1.51 in 2017Q4. It turned negative, as 29 investors sold Domtar Corporation shares while 90 reduced holdings. 43 funds opened positions while 84 raised stakes. 56.03 million shares or 1.18% less from 56.70 million shares in 2017Q4 were reported.

Los Angeles Capital Management Equity Research accumulated 71,510 shares. Commonwealth Commercial Bank Of reported 0.07% of its portfolio in Domtar Corporation (NYSE:UFS). Bluecrest Management holds 0.21% in Domtar Corporation (NYSE:UFS) or 162,260 shares. Hotchkis And Wiley Management Limited Liability Co, a California-based fund reported 17,432 shares. Regentatlantic Limited Liability Company has 5,946 shares. Element Management Ltd Liability Company holds 5,267 shares or 0.01% of its portfolio. Gemmer Asset Ltd Company reported 27 shares. Jpmorgan Chase accumulated 0% or 446,711 shares. Numerixs Invest Tech holds 1,100 shares or 0.01% of its portfolio. Franklin Resource holds 0% of its portfolio in Domtar Corporation (NYSE:UFS) for 178,200 shares. Engineers Gate Manager Ltd Partnership owns 69,827 shares for 0.2% of their portfolio. Ingalls & Snyder Limited Company reported 9,500 shares. South Dakota Inv Council owns 13,400 shares or 0.01% of their US portfolio. Moreover, Captrust Financial Advsrs has 0% invested in Domtar Corporation (NYSE:UFS). Tru Com Of Vermont accumulated 0% or 100 shares.

Since March 16, 2018, it had 0 insider purchases, and 5 selling transactions for $4.40 million activity. 15,000 shares were sold by LOULOU PATRICK, worth $684,150 on Wednesday, March 21. Shares for $775,069 were sold by Buron Daniel on Friday, March 16. The insider Williams John David sold 40,789 shares worth $1.91 million.

Domtar (NYSE:UFS) Stock Upgrade

In a report sent to clients and investors on Friday morning, Citigroup announced that they have decided to upgrade shares of Domtar (NYSE:UFS) stock from a “Sell” to a “Neutral”.

Domtar Corporation (NYSE:UFS) Ratings Coverage

Among 5 analysts covering Domtar Corp (NYSE:UFS), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Domtar Corp has $52 highest and $41 lowest target. $44.50’s average target is -14.77% below currents $52.21 stock price. Domtar Corp had 7 analyst reports since April 2, 2018 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, August 13 by BMO Capital Markets. The stock of Domtar Corporation (NYSE:UFS) earned “Sell” rating by Citigroup on Tuesday, July 10. The company was maintained on Wednesday, May 2 by Citigroup. The stock of Domtar Corporation (NYSE:UFS) earned “Neutral” rating by Citigroup on Friday, September 7. The rating was upgraded by KeyBanc Capital Markets to “Sector Weight” on Wednesday, August 1. Bank of America downgraded Domtar Corporation (NYSE:UFS) on Monday, April 2 to “Hold” rating. The firm has “Neutral” rating by DA Davidson given on Wednesday, May 2.

The stock increased 0.91% or $0.47 during the last trading session, reaching $52.21. About 605,822 shares traded or 7.20% up from the average. Domtar Corporation (NYSE:UFS) has risen 28.92% since September 8, 2017 and is uptrending. It has outperformed by 16.35% the S&P500.

Analysts await Domtar Corporation (NYSE:UFS) to report earnings on October, 26. They expect $1.17 earnings per share, up 13.59 % or $0.14 from last year’s $1.03 per share. UFS’s profit will be $73.59 million for 11.16 P/E if the $1.17 EPS becomes a reality. After $0.65 actual earnings per share reported by Domtar Corporation for the previous quarter, Wall Street now forecasts 80.00 % EPS growth.

Domtar Corporation designs, manufactures, markets, and distributes communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. The company has market cap of $3.28 billion. It operates in two divisions, Pulp and Paper, and Personal Care. It currently has negative earnings. The firm provides business papers, including copy and electronic imaging papers that are used with ink jet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

Domtar Corporation (NYSE:UFS) Institutional Positions Chart

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