RBC Capital analyst Paul Quinn reiterated a Buy rating on Domtar Corp (UFS) on November 1 and set a price target of $56. The company’s shares closed yesterday at $48.72.
According to TipRanks.com, Quinn is a top 100 analyst with an average return of 17.9% and a 67.8% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Clearwater Paper, and Resolute Forest.
Currently, the analyst consensus on Domtar Corp is a Moderate Buy with an average price target of $52.60, which is a 8.0% upside from current levels. In a report issued on November 1, Vertical Research also upgraded the stock to Buy with a $54 price target.
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Based on Domtar Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.37 billion and net profit of $99 million. In comparison, last year the company earned revenue of $1.29 billion and had a net profit of $70 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.
