USG Corporation (USG) PT Raised to $32.00 at Nomura
USG Corporation (NYSE:USG) had its price objective raised by research analysts at Nomura from $27.00 to $32.00 in a research note issued to investors on Monday. The brokerage currently has a “neutral” rating on the construction company’s stock. Nomura’s target price points to a potential downside of 0.56% from the stock’s previous close.
Other analysts have also issued reports about the stock. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG Corporation in a research note on Wednesday, July 19th. CL King downgraded shares of USG Corporation from a “strong-buy” rating to a “neutral” rating in a report on Monday, July 24th. TheStreet downgraded shares of USG Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 17th. BidaskClub downgraded shares of USG Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, Bank of America Corporation downgraded shares of USG Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $31.00 in a report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. USG Corporation currently has an average rating of “Hold” and a consensus price target of $30.71.
USG Corporation (NYSE USG) traded down 4.16% during trading on Monday, hitting $30.84. 2,953,285 shares of the stock were exchanged. The firm’s 50-day moving average is $27.75 and its 200 day moving average is $29.90. The firm has a market cap of $4.42 billion, a PE ratio of 9.89 and a beta of 1.00. USG Corporation has a 52 week low of $23.71 and a 52 week high of $34.67.
USG Corporation (NYSE:USG) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by $0.07. The firm had revenue of $811 million for the quarter, compared to analysts’ expectations of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Analysts expect that USG Corporation will post $1.68 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC acquired a new stake in shares of USG Corporation in the 2nd quarter worth $5,467,000. Amalgamated Bank increased its position in shares of USG Corporation by 27.2% during the 2nd quarter. Amalgamated Bank now owns 15,920 shares of the construction company’s stock worth $462,000 after purchasing an additional 3,404 shares during the last quarter. LSV Asset Management increased its position in shares of USG Corporation by 5.5% during the 2nd quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock worth $21,977,000 after purchasing an additional 39,500 shares during the last quarter. Hosking Partners LLP increased its position in shares of USG Corporation by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 228,640 shares of the construction company’s stock worth $6,635,000 after purchasing an additional 3,681 shares during the last quarter. Finally, Thompson Investment Management Inc. increased its position in shares of USG Corporation by 10.1% during the 2nd quarter. Thompson Investment Management Inc. now owns 12,250 shares of the construction company’s stock worth $355,000 after purchasing an additional 1,125 shares during the last quarter. 87.01% of the stock is owned by hedge funds and other institutional investors.
USG Corporation Company Profile
USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. The Company’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). It 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.
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