USG Corp. PT Raised to $33.00 (USG)
RBC Capital upped their price objective on shares of USG Corp. (NYSE:USG) from $32.00 to $33.00 in a research note issued on Friday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 17.02% from the stock’s previous close.
Shares of USG Corp. (NYSE:USG) traded up 0.57% on Friday, hitting $28.20. 1,546,146 shares of the company’s stock traded hands. USG Corp. has a 1-year low of $20.05 and a 1-year high of $30.97. The stock has a 50-day moving average of $24.84 and a 200-day moving average of $25.94. The company’s market cap is $3.061 billion.
USG Corp. (NYSE:USG) last released its earnings data on Thursday, October 24th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.06. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $937.50 million. During the same quarter last year, the company posted ($0.28) earnings per share. USG Corp.’s revenue was up 11.7% compared to the same quarter last year.
A number of other firms have also recently commented on USG. Analysts at Zacks upgraded shares of USG Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 15th. They now have a $29.20 price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. USG Corp. currently has an average rating of “Buy” and a consensus target price of $31.72.
USG Corporation (NYSE:USG), through its subsidiaries, is a manufacturer and distributor of building materials.
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