Domtar Corp 2019 Q1 Institutional Investor Sentiment Better Than Expected

Domtar Corporation (NYSE:UFS) Logo

Sentiment for Domtar Corp (NYSE:UFS)

Domtar Corp (NYSE:UFS) institutional sentiment increased to 1.34 in 2019 Q1. Its up 0.10, from 1.24 in 2018Q4. The ratio is positive, as 138 hedge funds increased and opened new equity positions, while 103 cut down and sold their stakes in Domtar Corp. The hedge funds in our partner’s database now own: 57.92 million shares, up from 56.91 million shares in 2018Q4. Also, the number of hedge funds holding Domtar Corp in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 24 Reduced: 79 Increased: 91 New Position: 47.

Domtar Corporation designs, manufactures, markets, and distributes communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. The company has market cap of $2.16 billion. It operates in two divisions, Pulp and Paper, and Personal Care. It has a 7.97 P/E ratio. The firm provides business papers, including copy and electronic imaging papers that are used with ink jet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

The stock increased 0.87% or $0.31 during the last trading session, reaching $35.78. About 568,929 shares traded. Domtar Corporation (NYSE:UFS) has declined 11.76% since September 11, 2018 and is downtrending. It has underperformed by 11.76% the S&P500.

Analysts await Domtar Corporation (NYSE:UFS) to report earnings on November, 7. They expect $0.76 earnings per share, down 47.95 % or $0.70 from last year’s $1.46 per share. UFS’s profit will be $45.86 million for 11.77 P/E if the $0.76 EPS becomes a reality. After $0.57 actual earnings per share reported by Domtar Corporation for the previous quarter, Wall Street now forecasts 33.33 % EPS growth.

Hillsdale Investment Management Inc. holds 3.44% of its portfolio in Domtar Corporation for 764,080 shares. Fairpointe Capital Llc owns 1.61 million shares or 2.67% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 1.75% invested in the company for 502,942 shares. The Germany-based Lingohr & Partner Asset Management Gmbh has invested 1.12% in the stock. Campbell & Co Investment Adviser Llc, a Maryland-based fund reported 38,725 shares.

Domtar Corporation (NYSE:UFS) Ratings Coverage

Ratings analysis reveals 50% of Domtar’s analysts are positive. Out of 2 Wall Street analysts rating Domtar, 1 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $3900 while the high is $5600. The stock’s average target of $47.50 is 32.76% above today’s ($35.78) share price. UFS was included in 6 notes of analysts from April 11, 2019. The firm has “Underperform” rating given on Wednesday, July 3 by BMO Capital Markets. Goldman Sachs upgraded Domtar Corporation (NYSE:UFS) rating on Friday, May 3. Goldman Sachs has “Buy” rating and $5600 target.

More notable recent Domtar Corporation (NYSE:UFS) news were published by: which released: “If You Had Bought Domtar (NYSE:UFS) Shares Three Years Ago You’d Have Made 28% – Yahoo Finance” on July 04, 2019, also with their article: “Domtar Q1 2019 Earnings Preview – Seeking Alpha” published on April 30, 2019, published: “Domtar drops amid downgrades on market outlook – Seeking Alpha” on July 03, 2019. More interesting news about Domtar Corporation (NYSE:UFS) were released by: and their article: “Domtar Corporation 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on May 01, 2019 as well as‘s news article titled: “An Intrinsic Calculation For Domtar Corporation (NYSE:UFS) Suggests It’s 28% Undervalued – Yahoo Finance” with publication date: June 12, 2019.

Domtar Corporation (NYSE:UFS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.