Stock Traders Buy Large Volume of Call Options on USG (USG)
Shares of USG (NYSE:USG) saw unusually large options trading on Monday. Stock investors purchased 14,485 call options on the company, American Banking News reports. This represents an increase of approximately 704% compared to the typical volume of 1,801 call options.
In other USG news, EVP Stanley L. Ferguson sold 10,000 shares of USG stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $30.16, for a total value of $301,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on USG. Analysts at JPMorgan Chase & Co. cut their price target on shares of USG from $36.00 to $34.00 in a research note on Thursday, May 1st. They now have a “neutral” rating on the stock. Separately, analysts at Barclays downgraded shares of USG from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 28th. They now have a $31.00 price target on the stock, down previously from $37.00. Finally, analysts at Jefferies Group cut their price target on shares of USG from $43.00 to $36.00 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. USG currently has an average rating of “Hold” and an average price target of $32.86.
USG (NYSE:USG) traded up 1.48% during mid-day trading on Monday, hitting $31.60. The stock had a trading volume of 2,406,035 shares. USG has a 1-year low of $21.35 and a 1-year high of $36.22. The stock has a 50-day moving average of $30.24 and a 200-day moving average of $30.57. The company has a market cap of $4.353 billion and a P/E ratio of 40.81.
USG (NYSE:USG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.12. The company had revenue of $850.00 million for the quarter, compared to the consensus estimate of $879.24 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that USG will post $1.64 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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