USG Corp. (NYSE:USG) Receives $32.50 Average Target Price from Analysts
Shares of USG Corp. (NYSE:USG) have received an average recommendation of “Hold” from the eighteen ratings firms that are covering the firm. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $32.50.
Several analysts recently issued reports on USG shares. Macquarie reissued a “buy” rating and issued a $35.00 target price on shares of USG Corp. in a research note on Monday, June 13th. Zacks Investment Research cut USG Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 23rd. Credit Suisse Group AG reissued a “sell” rating on shares of USG Corp. in a research note on Tuesday, June 28th. Wedbush raised their price objective on shares of USG Corp. from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 6th. Finally, Jefferies Group raised their price objective on shares of USG Corp. from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th.
In related news, insider Jennifer F. Scanlon sold 9,260 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $27.13, for a total value of $251,223.80. Following the completion of the transaction, the insider now directly owns 34,432 shares in the company, valued at approximately $934,140.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kenneth R. Banas sold 1,715 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $28.00, for a total transaction of $48,020.00. Following the completion of the transaction, the vice president now owns 13,500 shares of the company’s stock, valued at $378,000. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC bought a new stake in USG Corp. during the first quarter worth approximately $122,000. Zions Bancorporation bought a new stake in USG Corp. during the first quarter worth approximately $156,000. Societe Generale bought a new stake in USG Corp. during the second quarter worth approximately $165,000. Meeder Asset Management Inc. bought a new stake in USG Corp. during the second quarter worth approximately $182,000. Finally, BlackRock Japan Co. Ltd bought a new stake in USG Corp. during the first quarter worth approximately $219,000. Institutional investors own 81.66% of the company’s stock.
Shares of USG Corp. (NYSE:USG) opened at 25.74 on Tuesday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 3.69 and a beta of 1.96. USG Corp. has a one year low of $15.85 and a one year high of $30.84. The firm’s 50-day moving average price is $27.15 and its 200-day moving average price is $27.14.
USG Corp. (NYSE:USG) last posted its earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The business earned $1,000 million during the quarter, compared to the consensus estimate of $1.01 billion. USG Corp. had a return on equity of 21.37% and a net margin of 26.60%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. Analysts anticipate that USG Corp. will post $1.73 earnings per share for the current year.
About USG Corp.
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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