USG Corp. (USG) Earns Sell Rating from Goldman Sachs Group Inc.
USG Corp. (NYSE:USG)‘s stock had its “sell” rating reaffirmed by stock analysts at Goldman Sachs Group Inc. in a research note issued to investors on Monday. They presently have a $24.00 price target on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 14.77% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised USG Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, November 23rd. Jefferies Group reaffirmed a “hold” rating on shares of USG Corp. in a report on Wednesday, August 3rd. Royal Bank Of Canada raised USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Tuesday, September 13th. Evercore ISI assumed coverage on USG Corp. in a research report on Monday, November 14th. They set a “buy” rating and a $33.00 target price on the stock. Finally, SunTrust Banks Inc. boosted their target price on USG Corp. from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, August 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. USG Corp. presently has an average rating of “Hold” and an average price target of $32.43.
USG Corp. (NYSE:USG) opened at 28.16 on Monday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 4.09 and a beta of 1.43. The firm’s 50-day moving average price is $26.23 and its 200 day moving average price is $27.29. USG Corp. has a 12 month low of $15.85 and a 12 month high of $30.84.
USG Corp. (NYSE:USG) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business had revenue of $767 million for the quarter, compared to analysts’ expectations of $1.02 billion. USG Corp. had a return on equity of 17.04% and a net margin of 27.70%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. On average, analysts anticipate that USG Corp. will post $1.71 earnings per share for the current year.
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In other USG Corp. news, VP Kenneth R. Banas sold 11,557 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $28.04, for a total value of $324,058.28. Following the completion of the sale, the vice president now directly owns 15,356 shares in the company, valued at approximately $430,582.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kenneth R. Banas sold 1,715 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $28.00, for a total value of $48,020.00. Following the sale, 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 owned by company insiders.
Several large investors have recently modified their holdings of the company. Dudley & Shanley LLC boosted its stake in shares of USG Corp. by 0.7% in the third quarter. Dudley & Shanley LLC now owns 1,176,050 shares of the company’s stock worth $30,401,000 after buying an additional 8,000 shares during the period. Smith Asset Management Group LP bought a new stake in shares of USG Corp. during the second quarter worth $21,292,000. Nuveen Asset Management LLC bought a new stake in shares of USG Corp. during the first quarter worth $1,857,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of USG Corp. during the second quarter worth $7,100,000. Finally, DAVENPORT & Co LLC boosted its stake in shares of USG Corp. by 1.9% in the second quarter. DAVENPORT & Co LLC now owns 21,250 shares of the company’s stock worth $573,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.
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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