Zacks Upgrades USG Corp. to “Outperform” (USG)
USG Corp. (NYSE:USG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, Analyst Ratings News reports. The firm currently has a $29.20 target price on the stock. Zacks‘ price objective indicates a potential upside of 5.15% from the company’s current price.
Shares of USG Corp. (NYSE:USG) traded down 1.40% on Tuesday, hitting $27.38. 722,676 shares of the company’s stock traded hands. USG Corp. has a one year low of $21.30 and a one year high of $30.97. The stock’s 50-day moving average is $26.58 and its 200-day moving average is $25.86. The company’s market cap is $2.972 billion.
USG Corp. (NYSE:USG) last released its earnings data on Thursday, July 25th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.03. The company had revenue of $916.00 million for the quarter, compared to the consensus estimate of $879.07 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that USG Corp. will post $0.64 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of USG Corp. in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $34.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of USG Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 6th. They now have a $32.00 price target on the stock. Finally, analysts at Longbow Research upgraded shares of USG Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 28th. They now have a $28.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.62.
USG Corporation (NYSE:USG), through its subsidiaries, is a manufacturer and distributor of building materials.
To view Zacks’ full report, visit www.zacks.com
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