Domtar (NYSE:UFS) has been upgraded from Underperform to Neutral in a statement by BofA Merrill today.
- Updated: October 3, 2016
Yesterday Domtar (NYSE:UFS) traded 0.16% higher at $37.13. Domtar’s 50-day average is $37.08 and its two hundred day average is $37.66. With the last close down -1.24% from the 200-day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 136,225 shares of the stock were exchanged, down from an average trading volume of 504,822
BofA Merrill has upgraded Domtar (NYSE:UFS) from Underperform to Neutral in a report released on 10/03/2016.
Previously on 09/22/2016, Goldman Sachs Group Inc. reported about Domtar (NYSE:UFS) raised the target price from $0.00 to $40.00. At the time, this indicated a possible upside of 0.09%.
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Domtar has a 52 week low of $29.88 and a 52 week high of $42.95 with a P/E ratio of 25.99 The company’s market cap is currently $0.
In addition to BofA Merrill reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $41.14 with 1 broker rating the stock a strong buy, 5 brokers rating the stock a buy, 6 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Domtar (NYSE:UFS)
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp. Its Personal Care segment is involved in the designing, manufacturing, marketing and distribution of absorbent hygiene products. The Company is an integrated marketer of uncoated freesheet paper in North America serving a range of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end users. It is also a marketer and producer of a range of incontinence care products, marketed under the Attends, IncoPack and Indasec brand names, as well as infant diapers.
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