Domtar (NYSE:UFS) was Lowered by Analysts at RBC Capital to a Sector Perform Rating

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RBC Analyst Rating Change Domtar NYSE:UFS

Domtar (NYSE:UFS) Downgrade

Domtar (NYSE:UFS) was decreased by RBC Capital from Outperform rating to Sector Perform rating in an analyst report revealed to investors and clients on 12 January.

The rating downgrade is noticed by stock traders, as NYSE:UFS is currently trading -0.81% lower at $44.05 as of 10:04 AM New York time. Domtar’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has surged 6.00% over the same time period.

Out of 14 analysts covering Domtar, 6 rate it a Buy, 6 indicate a Hold while 2 suggest a Sell. The highest target is $52 and the lowest is $33 according to Thomson/First Call. The 12-month mean target is $41.14, which means downside potential of 6.61% over the current price.

UFS Stock Chart

Institutional Ownership

Rock Point Advisors Llc had the most significant stake with ownership of 243,052 shares as of Q2 2015 for 4.72% of the fund’s portfolio. Fairpointe Capital Llc is another bull as the investment professional who is having 2.86M shares of Domtar or 2.39% of their fund’s portfolio. Furthermore, Dean Capital Management have 2.24% of their fund’s portfolio invested in the company for 58,167 shares. The Kansas-based fund Boyer & Corporon Wealth Management Llc disclosed it had purchased so far a stake worth about 1.38% of the investment professional’s stock portfolio in Domtar. The New York-based fund Miller Howard Investments Inc Ny is also positive about the stock, possessing 80,082 shares or 1.18% of their fund’s portfolio.

Domtar (NYSE:UFS) Profile

Domtar CorpDomtar 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 segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

Domtar (NYSE:UFS) traded down -0.81% on 12 January, hitting $44.05. A total of 1.08M shares of the company’s stock traded hands. This is up from average of 584,437 shares. Domtar has a 52 week low of $33.99 and a 52 week high of $44.72. The company has a market cap of $2.76B and a P/E ratio of 16.82.

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