USG Corp.’s (USG) “Sell” Rating Reiterated at Goldman Sachs Group Inc.
Other analysts have also issued reports about the company. Bank of America Corp. initiated coverage on USG Corp. in a report on Friday, September 23rd. They issued a buy rating and a $36.00 price objective on the stock. Vertical Research upgraded USG Corp. from a hold rating to a buy rating in a research report on Monday, September 19th. Vertical Group upgraded USG Corp. from a hold rating to a buy rating and set a $33.00 target price on the stock in a research report on Monday, September 19th. SunTrust Banks Inc. raised 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. Finally, Evercore ISI assumed coverage on USG Corp. in a research report on Monday, November 14th. They issued a buy rating and a $33.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $32.43.
USG Corp. (NYSE:USG) opened at 28.64 on Monday. USG Corp. has a 52-week low of $15.85 and a 52-week high of $30.84. The stock’s 50 day moving average price is $26.35 and its 200 day moving average price is $27.28. The company has a market cap of $4.18 billion, a P/E ratio of 4.16 and a beta of 1.43.
USG Corp. (NYSE:USG) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. USG Corp. had a return on equity of 17.04% and a net margin of 27.70%. The company had revenue of $767 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $0.52 earnings per share. USG Corp.’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts expect 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 1,715 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 13,500 shares of the company’s stock, valued at $378,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman James S. Metcalf sold 15,577 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $26.00, for a total value of $405,002.00. Following the sale, the chairman now directly owns 319,750 shares of the company’s stock, valued at approximately $8,313,500. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Societe Generale purchased a new stake in shares of USG Corp. during the second quarter worth $165,000. Quantitative Investment Management LLC purchased a new stake in shares of USG Corp. during the second quarter worth $2,949,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of USG Corp. during the second quarter worth $4,573,000. Bank of Hawaii purchased a new stake in shares of USG Corp. during the second quarter worth $939,000. Finally, Smithfield Trust Co. boosted its stake in shares of USG Corp. by 1.4% in the second quarter. Smithfield Trust Co. now owns 40,648 shares of the company’s stock worth $1,095,000 after buying an additional 542 shares during the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.
USG Corp. Company Profile
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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