JPMorgan Chase & Co. Reiterates “Neutral” Rating for USG (USG)
USG (NYSE:USG)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They currently have a $32.50 price target on the stock, down from their previous price target of $34.00. JPMorgan Chase & Co.’s target price would suggest a potential upside of 19.97% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush cut their price target on shares of USG from $33.00 to $31.00 in a research note on Monday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of USG in a research note on Friday. They now have a $29.00 price target on the stock, down previously from $33.00. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of USG in a research note on Friday. They now have a $31.00 price target on the stock, down previously from $32.00. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.75.
USG (NYSE:USG) traded down 1.13% on Tuesday, hitting $27.09. The stock had a trading volume of 2,251,527 shares. USG has a 52-week low of $22.64 and a 52-week high of $36.22. The stock has a 50-day moving average of $29.39 and a 200-day moving average of $31.19. The company has a market cap of $3.917 billion and a price-to-earnings ratio of 28.48.
USG (NYSE:USG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.12. The company had revenue of $948.00 million for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that USG will post $1.54 EPS for the current fiscal year.
USG Corporation (NYSE:USG), through its subsidiaries, is a manufacturer and distributor of building materials.
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