In a report released today, Sean Steuart from TD Securities reiterated a Hold rating on Domtar Corp (NYSE: UFS), with a price target of $52. The company’s shares opened today at $48.65.
According to TipRanks.com, Steuart is ranked #761 out of 4839 analysts.
Currently, the analyst consensus on Domtar Corp is a Moderate Buy with an average price target of $52, representing a 6.9% upside. In a report released yesterday, KeyBanc also upgraded the stock to Hold.
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Based on Domtar Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.35 billion and net profit of $43 million. In comparison, last year the company earned revenue of $1.22 billion and had a net profit of $38 million.
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Domtar Corp. engages in the design, manufacturing, marketing, and distribution of fiber-based products, which includes communication papers, specialty and packaging papers and absorbent hygiene products. It operates through the following segments: Pulp and Paper, and Personal Care.
