Norbord Coverage Initiated at Dundee Securities (NBD)
A number of other analysts have also recently weighed in on NBD. Analysts at Raymond James cut their price target on shares of Norbord from C$34.00 to C$32.00 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Norbord in a research note on Tuesday, May 6th. Finally, analysts at TD Securities upgraded shares of Norbord from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. They now have a C$33.00 price target on the stock, up previously from C$31.00. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$31.71.
Norbord (TSE:NBD) traded down 3.82% during mid-day trading on Tuesday, hitting $26.21. 78,830 shares of the company’s stock traded hands. Norbord has a 52 week low of $25.10 and a 52 week high of $34.24. The stock has a 50-day moving average of $27.08 and a 200-day moving average of $29.2. The company has a market cap of $1.400 billion and a P/E ratio of 16.82.
Norbord (TSE:NBD) last announced its earnings results on Monday, May 5th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.13. On average, analysts predict that Norbord will post $1.05 earnings per share for the current fiscal year.
Norbord Inc is an international producer of wood-based panels with 13 plant locations in the United States, Europe and Canada.
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