RBC Capital Cuts Domtar (NYSE:UFS) Stock To a Sector Perform Rating

January 13, 2018 - By Vivian Park

 RBC Capital Cuts Domtar (NYSE:UFS) Stock To a Sector Perform Rating

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.08, from 1.25 in 2017Q2. It dived, as 20 investors sold Domtar Corporation shares while 78 reduced holdings. 45 funds opened positions while 70 raised stakes. 55.74 million shares or 0.50% less from 56.02 million shares in 2017Q2 were reported.

Sterling Capital Management Ltd reported 19,745 shares. Vident Investment Advisory Ltd Liability Corporation holds 0.01% of its portfolio in Domtar Corporation (NYSE:UFS) for 5,839 shares. Barclays Public Ltd Company holds 30,022 shares. Liberty Mutual Group Asset accumulated 16,371 shares or 0.04% of the stock. Commonwealth National Bank & Trust Of invested in 0.08% or 181,199 shares. Meeder Asset Mngmt Inc stated it has 1,031 shares or 0% of all its holdings. Advantus Cap Mgmt Incorporated has 7,901 shares for 0.01% of their portfolio. Ubs Asset Mgmt Americas Inc accumulated 75,690 shares or 0% of the stock. Meritage Port has 116,598 shares for 0.5% of their portfolio. Federated Pa accumulated 0.02% or 137,376 shares. New York State Teachers Retirement, a New York-based fund reported 115,990 shares. Balyasny Asset Lc holds 0.15% or 905,504 shares in its portfolio. Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma stated it has 0% of its portfolio in Domtar Corporation (NYSE:UFS). Douglass Winthrop Advsr Ltd invested 0.01% of its portfolio in Domtar Corporation (NYSE:UFS). Ameritas Invest Prns invested in 18,450 shares.

Since August 17, 2017, it had 0 insider buys, and 4 insider sales for $1.74 million activity. 4,900 shares valued at $196,510 were sold by Buron Daniel on Thursday, August 17. Garcia Michael Dennis sold 4,712 shares worth $201,344. $171,976 worth of Domtar Corporation (NYSE:UFS) was sold by Fagan Michael.

Domtar (NYSE:UFS) Receives a Downgrade

RBC Capital lowered the rating for shares of Domtar (NYSE:UFS) to aSector Perform from a Outperform. This rating change was shared with investors in an analyst note earlier today.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.08, from 1.25 in 2017Q2. It dived, as 20 investors sold Domtar Corporation shares while 78 reduced holdings. 45 funds opened positions while 70 raised stakes. 55.74 million shares or 0.50% less from 56.02 million shares in 2017Q2 were reported.

Sterling Capital Management Ltd reported 19,745 shares. Vident Investment Advisory Ltd Liability Corporation holds 0.01% of its portfolio in Domtar Corporation (NYSE:UFS) for 5,839 shares. Barclays Public Ltd Company holds 30,022 shares. Liberty Mutual Group Asset accumulated 16,371 shares or 0.04% of the stock. Commonwealth National Bank & Trust Of invested in 0.08% or 181,199 shares. Meeder Asset Mngmt Inc stated it has 1,031 shares or 0% of all its holdings. Advantus Cap Mgmt Incorporated has 7,901 shares for 0.01% of their portfolio. Ubs Asset Mgmt Americas Inc accumulated 75,690 shares or 0% of the stock. Meritage Port has 116,598 shares for 0.5% of their portfolio. Federated Pa accumulated 0.02% or 137,376 shares. New York State Teachers Retirement, a New York-based fund reported 115,990 shares. Balyasny Asset Lc holds 0.15% or 905,504 shares in its portfolio. Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma stated it has 0% of its portfolio in Domtar Corporation (NYSE:UFS). Douglass Winthrop Advsr Ltd invested 0.01% of its portfolio in Domtar Corporation (NYSE:UFS). Ameritas Invest Prns invested in 18,450 shares.

Since August 17, 2017, it had 0 insider buys, and 4 insider sales for $1.74 million activity. 4,900 shares valued at $196,510 were sold by Buron Daniel on Thursday, August 17. Garcia Michael Dennis sold 4,712 shares worth $201,344. $171,976 worth of Domtar Corporation (NYSE:UFS) was sold by Fagan Michael.

Domtar Corporation (NYSE:UFS) Ratings Coverage

Among 15 analysts covering Domtar Corp. (NYSE:UFS), 4 have Buy rating, 3 Sell and 8 Hold. Therefore 27% are positive. Domtar Corp. has $53.0 highest and $30 lowest target. $43.06’s average target is -14.44% below currents $50.33 stock price. Domtar Corp. had 33 analyst reports since October 15, 2015 according to SRatingsIntel. The company was maintained on Monday, May 1 by Raymond James. The stock of Domtar Corporation (NYSE:UFS) has “Buy” rating given on Friday, January 27 by Bank of America. Citigroup downgraded Domtar Corporation (NYSE:UFS) on Thursday, October 5 to “Sell” rating. The stock of Domtar Corporation (NYSE:UFS) earned “Sell” rating by KeyBanc Capital Markets on Sunday, July 30. The firm has “Hold” rating by RBC Capital Markets given on Friday, January 12. On Wednesday, November 15 the stock rating was maintained by KeyBanc Capital Markets with “Sell”. The rating was maintained by TD Securities with “Hold” on Friday, October 13. The company was maintained on Friday, September 8 by BMO Capital Markets. As per Wednesday, January 10, the company rating was maintained by Stephens. Bank of America downgraded the shares of UFS in report on Wednesday, April 6 to “Underperform” rating.

The stock decreased 1.76% or $0.9 during the last trading session, reaching $50.33. About 724,809 shares traded or 24.30% up from the average. Domtar Corporation (NYSE:UFS) has declined 0.68% since January 13, 2017 and is downtrending. It has underperformed by 17.38% the S&P500.

Analysts await Domtar Corporation (NYSE:UFS) to report earnings on February, 8. They expect $0.69 earnings per share, down 8.00 % or $0.06 from last year’s $0.75 per share. UFS’s profit will be $43.25M for 18.24 P/E if the $0.69 EPS becomes a reality. After $1.03 actual earnings per share reported by Domtar Corporation for the previous quarter, Wall Street now forecasts -33.01 % negative 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 $3.16 billion. It operates in two divisions, Pulp and Paper, and Personal Care. It has a 18.04 P/E ratio. 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.

More notable recent Domtar Corporation (NYSE:UFS) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For January 12, 2018” on January 12, 2018, also Fool.ca with their article: “Domtar Corp.: Will This Profitable Contrarian Investment in 2017 Outperform …” published on December 17, 2017, Fool.ca published: “It’s Time to Absorb Domtar Corp.’s 4.4% Yield” on October 19, 2016. More interesting news about Domtar Corporation (NYSE:UFS) were released by: Businesswire.com and their article: “Global Lignin Products Market Report 2015-2020 – Key Vendors: Domtar Corp …” published on January 26, 2016 as well as Theglobeandmail.com‘s news article titled: “Domtar selling its US Ariva paper operations” with publication date: July 22, 2013.

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