RBC Capital analyst Paul Quinn reiterated a Buy rating on Domtar Corp (UFS) today and set a price target of $50. The company’s shares closed yesterday at $36.12, close to its 52-week low of $33.81.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 13.3% and a 62.3% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, Mercer International Inc, and International Paper Co.
Domtar Corp has an analyst consensus of Moderate Buy, with a price target consensus of $49.35.
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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 $1.34 billion and had a GAAP net loss of $340 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.
