USG Corp. Reaches New 12-Month High at $31.34 (USG)
USG Corp. (NYSE:USG) set a new 52-week high during trading on Friday, ARN reports. The stock traded as high as $31.34 and last traded at $31.19, with a volume of 1,824,293 shares. The stock had previously closed at $30.08.
A number of research firms have recently commented on USG. Analysts at Credit Suisse initiated coverage on shares of USG Corp. in a research note to investors on Monday, December 9th. They set a “neutral” rating and a $27.00 price target on the stock. Separately, analysts at Zacks downgraded shares of USG Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $30.60 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of USG Corp. from $32.00 to $33.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. USG Corp. presently has a consensus rating of “Buy” and an average price target of $31.42.
USG Corp. has a one year low of $21.35 and a one year high of $30.97. The stock has a 50-day moving average of $27.05 and a 200-day moving average of $26.26. The company has a market cap of $3.395 billion and a price-to-earnings ratio of 87.95.
USG Corp. (NYSE:USG) last announced its earnings results on Thursday, October 24th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts predict that USG Corp. will post $0.55 earnings per share for the current fiscal year.
USG Corporation (NYSE:USG), through its subsidiaries, is a manufacturer and distributor of building materials.
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