USG Corp. (USG) Receives “Hold” Rating from Jefferies Group
USG Corp. (NYSE:USG)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research report issued to clients and investors on Thursday. They presently have a $29.00 target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 10.73% from the company’s current price.
A number of other equities research analysts also recently weighed in on USG. Macquarie reissued a “buy” rating and set a $35.00 target price on shares of USG Corp. in a report on Monday, June 13th. Credit Suisse Group AG reissued a “sell” rating on shares of USG Corp. in a report on Tuesday, June 28th. RBC Capital Markets raised USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price for the company in a report on Tuesday, September 13th. Wedbush lifted their target price on USG Corp. from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 6th. Finally, Zacks Investment Research downgraded USG Corp. from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. USG Corp. presently has an average rating of “Hold” and an average target price of $31.93.
Shares of USG Corp. (NYSE:USG) opened at 26.19 on Thursday. USG Corp. has a one year low of $15.85 and a one year high of $30.84. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 3.76 and a beta of 1.96. The firm’s 50-day moving average is $27.44 and its 200-day moving average is $27.00.
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USG Corp. (NYSE:USG) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.02. USG Corp. had a return on equity of 21.37% and a net margin of 26.60%. The company had revenue of $1,000 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts expect that USG Corp. will post $1.74 EPS for the current fiscal year.
In other USG Corp. news, insider Jennifer F. Scanlon sold 9,260 shares of USG Corp. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $27.13, for a total value of $251,223.80. Following the transaction, the insider now owns 34,432 shares in the company, valued at $934,140.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Kenneth R. Banas sold 11,557 shares of USG Corp. stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $28.04, for a total value of $324,058.28. Following the completion of the transaction, the vice president now owns 15,356 shares in the company, valued at approximately $430,582.24. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in USG Corp. by 51.8% in the second quarter. IFP Advisors Inc now owns 8,735 shares of the company’s stock worth $235,000 after buying an additional 2,982 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in USG Corp. by 264.1% in the second quarter. Public Employees Retirement System of Ohio now owns 85,194 shares of the company’s stock worth $2,297,000 after buying an additional 61,798 shares in the last quarter. Paloma Partners Management Co boosted its position in USG Corp. by 274.0% in the second quarter. Paloma Partners Management Co now owns 38,290 shares of the company’s stock worth $1,033,000 after buying an additional 28,051 shares in the last quarter. Panagora Asset Management Inc. boosted its position in USG Corp. by 78.9% in the second quarter. Panagora Asset Management Inc. now owns 63,156 shares of the company’s stock worth $1,703,000 after buying an additional 27,854 shares in the last quarter. Finally, Cantab Capital Partners LLP acquired a new position in USG Corp. during the second quarter worth about $271,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.
USG Corp. Company Profile
USG Corporation is a manufacturer and distributor of building materials. The Company produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes. The Company’s segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products.
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