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Will BofA Merrill Upgrade to “Buy” from “Neutral” Be a Tailwind For Domtar (NYSE:UFS) Stock Today?

Banc of America Analyst Rating Change Domtar NYSE:UFS

Domtar (NYSE:UFS) Rating Upgrade

Domtar (NYSE:UFS) was upgraded by equity analysts at BofA Merrill from “Neutral” rating to “Buy” rating in a report revealed to clients on Friday morning.

According to data compiled by Thomson Reuters, Domtar (NYSE:UFS)’s stock is covered by 14 equity analysts across the Street, with 2 analysts giving it a Sell rating, 6 a Buy rating, while 6 consider it a Hold. The 12-month consensus target price for the stock is $41.14, which reflects an downside potential of 7.11% over the current price.

UFS Stock Chart

Institutional Ownership

Rock Point Advisors Llc had the largest stake with ownership of 243,052 shares as of Q2 2015 for 4.72% of the US long equity exposure. Fairpointe Capital Llc is another notably bullish investment manager who is possessing 2.86M shares of Domtar or 2.39% of their US long equity exposure. Furthermore, Dean Capital Management have 2.24% of their US long equity exposure invested in the company for 58,167 shares. The Kansas-based fund Boyer & Corporon Wealth Management Llc disclosed it had acquired so far a stake worth about 1.38% of the investment manager’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 US long equity exposure.

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 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.

Domtar (NYSE:UFS) traded up 4.38% on 27 January, hitting $44.29. A total of 178,715 shares of the company’s stock traded hands. This is down from average of 458,219 shares. Domtar has a 52 week low of $29.88 and a 52 week high of $44.36. The company has a market cap of $2.75 billion and a P/E ratio of 20.18.

Get the latest Domtar (NYSE:UFS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Will BofA Merrill Upgrade to “Buy” from “Neutral” Be a Tailwind For Domtar (NYSE:UFS) Stock Today? appeared first on Octafinance.

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Will BofA Merrill Upgrade to “Buy” from “Neutral” Be a Tailwind For Domtar (NYSE:UFS) Stock Today?


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