Shares of USG Corp. (NYSE:USG) fell 3.1% during mid-day trading on Tuesday . The company traded as low as $28.78 and last traded at $29.00, with a volume of 1,418,347 shares traded. The stock had previously closed at $29.94.

A number of brokerages have issued reports on USG. Goldman Sachs Group Inc. raised their price target on USG Corp. from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 4th. Macquarie reissued a “buy” rating and issued a $35.00 price target on shares of USG Corp. in a research note on Monday, June 13th. Jefferies Group reissued a “hold” rating on shares of USG Corp. in a research note on Wednesday, August 3rd. Credit Suisse Group AG reissued a “sell” rating on shares of USG Corp. in a research note on Tuesday, June 28th. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of USG Corp. in a research note on Monday, May 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.75.

The company has a market cap of $4.02 billion and a price-to-earnings ratio of 3.95. The company’s 50 day moving average is $28.51 and its 200 day moving average is $26.42.

USG Corp. (NYSE:USG) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.02. The company earned $1,000 million during the quarter, compared to analysts’ expectations of $1.01 billion. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. Analysts predict that USG Corp. will post $1.75 earnings per share for the current year.

An institutional investor recently raised its position in USG Corp. stock. BNP Paribas Arbitrage SA raised its stake in shares of USG Corp. (NYSE:USG) by 122.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,053 shares of the company’s stock after buying an additional 113,996 shares during the period. BNP Paribas Arbitrage SA owned about 0.14% of USG Corp. worth $5,029,000 as of its most recent SEC filing.

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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