Somewhat Positive News Coverage Somewhat Unlikely to Affect USG (USG) Share Price
News coverage about USG (NYSE:USG) has been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. USG earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.7712693034369 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- USG (USG) Earns Hold Rating from Jefferies Group (americanbankingnews.com)
- BRIEF-Gebr. Knauf KG Says Delivered Letter To Board Of USG Corp (feeds.reuters.com)
- In response to “USG needs to allow a conversation on the occupation of Palestine” (observer.case.edu)
- Technical Recap on USG Corporation (USG) (wallstreetmorning.com)
- USG members expect implementation of fifth honor code referendum if passed (dailyprincetonian.com)
Shares of USG stock opened at $41.02 on Tuesday. The firm has a market cap of $5,750.87, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.39 and a quick ratio of 1.78. USG has a 12 month low of $25.60 and a 12 month high of $41.45.
USG announced that its Board of Directors has approved a share buyback plan on Thursday, February 1st that allows the company to buyback $250.00 million in shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Several research firms have issued reports on USG. Buckingham Research raised their price target on shares of USG from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday. Credit Suisse Group reiterated a “hold” rating on shares of USG in a research note on Thursday, March 29th. Nomura lifted their price objective on shares of USG from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Raymond James Financial started coverage on shares of USG in a research note on Tuesday, March 13th. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Zacks Investment Research lowered shares of USG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.27.
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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.
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