Is Selling Domtar Corp Here a Winning Strategy?

 Is Selling Domtar Corp Here a Winning Strategy?

The stock of Domtar Corp (TSE:UFS) is a huge mover today! About 23,449 shares traded hands. Domtar Corp (TSE:UFS) has declined 2.31% since March 28, 2016 and is downtrending. It has underperformed by 5.32% the S&P500.
The move comes after 5 months negative chart setup for the $2.93 billion company. It was reported on Nov, 1 by Barchart.com. We have $42.63 PT which if reached, will make TSE:UFS worth $263.70M less.

Domtar Corp (TSE:UFS) Ratings Coverage

Out of 2 analysts covering Domtar Corp (TSE:UFS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $56.50 is the highest target while $42 is the lowest. The $49.25 average target is 5.12% above today’s ($46.85) stock price. Domtar Corp has been the topic of 3 analyst reports since April 29, 2016 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, October 28 by TD Securities. The rating was maintained by RBC Capital Markets on Friday, April 29 with “Outperform”. The company was maintained on Tuesday, October 11 by RBC Capital Markets.

More recent Domtar Corp (TSE:UFS) news were published by: Marketwatch.com which released: “Domtar upgraded to neutral from underperform at BofA Merrill Lynch” on December 21, 2009. Also Quotes.Wsj.com published the news titled: “News Domtar Corp.UFS” on February 12, 2011. Bizjournals.com‘s news article titled: “Domtar to cut 100 jobs from eastern N.C. pulp plant” with publication date: September 30, 2016 was also an interesting one.

Domtar Corporation designs, manufactures, markets and distributes a range of fiber products, including communication papers, specialty and packaging papers and absorbent hygiene products. The company has a market cap of $2.93 billion. The Firm operates through two business divisions: Pulp and Paper, and Personal Care. It has a 15.92 P/E ratio. 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.

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