KeyBanc analyst Adam Josephson reiterated a Hold rating on Domtar Corp (UFS) today. The company’s shares opened today at $37.33, close to its 52-week low of $36.95.
Josephson commented:
“We are reducing our 4Q18 and 2019 estimates for Domtar (UFS) primarily to reflect lower pulp price assumptions in 4Q18 and 2019. Recent dramatic declines in Chinese import pulp prices will adversely affect the and certain grades have started to decline in other regions as well (which will affect Domtar in early 2019). In addition, RISI commentary has pointed to some signs of concern in the N.A. uncoated freesheet market, which could be a source of further downside to our estimates if prices were to decline next year. We are reducing our 2018 adj. EBITDA estimate from $738 million to $717 million (consensus is $715 million) and our 2019 estimate from $800 million to $675 million (15% below our previous estimate, and well below consensus of $771 million).”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.9% and a 67.6% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.
Domtar Corp has an analyst consensus of Moderate Buy, with a price target consensus of $52.15.
See today’s analyst top recommended stocks >>
The company has a one-year high of $54.50 and a one-year low of $36.95. Currently, Domtar Corp has an average volume of 693.9K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
