What’s Propelling Domtar Corp to Increase So Much?

 What's Propelling Domtar Corp to Increase So Much?

The stock of Domtar Corp (TSE:UFS) is a huge mover today! About 13,193 shares traded hands. Domtar Corp (TSE:UFS) has declined 12.54% since March 31, 2016 and is downtrending. It has underperformed by 13.63% the S&P500.
The move comes after 7 months positive chart setup for the $2.92 billion company. It was reported on Nov, 4 by Barchart.com. We have $63.00 PT which if reached, will make TSE:UFS worth $1.02 billion more.

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 5.53% above today’s ($46.67) stock price. Domtar Corp has been the topic of 3 analyst reports since April 29, 2016 according to StockzIntelligence Inc. The company was maintained on Friday, October 28 by TD Securities. As per Tuesday, October 11, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained Domtar Corp (TSE:UFS) rating on Friday, April 29. RBC Capital Markets has “Outperform” rating and $56.50 price target.

More news for Domtar Corp (TSE:UFS) were recently published by: Marketwatch.com, which released: “Domtar downgraded to underperform from neutral at DA Davidson” on December 21, 2009. Bizjournals.com‘s article titled: “Domtar to cut 100 jobs from eastern N.C. pulp plant” and published on September 30, 2016 is yet another important article.

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 $2.92 billion. The Firm operates through two business divisions: Pulp and Paper, and Personal Care. It has a 15.88 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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