USG Co. (NYSE:USG) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other research firms have also commented on USG. BidaskClub raised shares of USG from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Credit Suisse Group began coverage on shares of USG in a report on Thursday, June 22nd. They issued an “underperform” rating and a $24.00 price target on the stock. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG in a report on Wednesday, July 19th. CL King lowered shares of USG from a “strong-buy” rating to a “neutral” rating in a report on Monday, July 24th. Finally, Barclays PLC raised shares of USG from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $28.00 to $26.00 in a report on Sunday, July 30th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.57.

USG (USG) traded up 7.03% during trading on Wednesday, reaching $31.96. The company had a trading volume of 6,554,557 shares. The firm has a market capitalization of $4.58 billion, a P/E ratio of 10.25 and a beta of 1.00. The stock has a 50 day moving average price of $27.56 and a 200 day moving average price of $29.91. USG has a 52 week low of $23.71 and a 52 week high of $34.67.

USG (NYSE:USG) last released its earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.07. USG had a net margin of 5.67% and a return on equity of 9.36%. The firm had revenue of $811 million during the quarter, compared to analyst estimates of $809.44 million. During the same period in the previous year, the company earned $0.46 earnings per share. USG’s revenue was up 5.5% on a year-over-year basis. Analysts predict that USG will post $1.68 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the company. Tyers Asset Management LLC purchased a new stake in shares of USG during the 1st quarter worth about $129,000. Creative Planning boosted its stake in shares of USG by 35.3% during the 1st quarter. Creative Planning now owns 4,085 shares of the construction company’s stock worth $130,000 after acquiring an additional 1,065 shares in the last quarter. Elkfork Partners LLC purchased a new stake in shares of USG during the 1st quarter worth about $178,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of USG during the 1st quarter worth about $205,000. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of USG during the 1st quarter worth about $219,000. 87.00% of the stock is currently owned by institutional investors and hedge funds.

About USG

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.

Analyst Recommendations for USG (NYSE:USG)

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