USG (NYSE:USG) had its target price raised by Buckingham Research from $34.00 to $42.00 in a research report released on Monday morning. The brokerage currently has a neutral rating on the construction company’s stock.

USG has been the topic of several other reports. Robert W. Baird raised USG from a neutral rating to an outperform rating and increased their target price for the stock from $35.00 to $45.00 in a report on Friday, January 5th. Stifel Nicolaus increased their target price on USG from $33.00 to $36.00 and gave the stock a hold rating in a report on Friday, February 2nd. ValuEngine raised USG from a hold rating to a buy rating in a report on Sunday, December 31st. JPMorgan Chase raised USG from a neutral rating to an overweight rating and set a $38.00 target price on the stock in a report on Friday, January 5th. Finally, Barclays raised USG from an equal weight rating to an overweight rating and increased their target price for the stock from $31.00 to $43.00 in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. USG currently has an average rating of Hold and an average price target of $38.27.

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Shares of NYSE USG opened at $41.02 on Monday. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58. USG has a one year low of $25.60 and a one year high of $41.45. The firm has a market capitalization of $5,750.87, a price-to-earnings ratio of 22.79, a PEG ratio of 1.24 and a beta of 1.11.

USG (NYSE:USG) last issued its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. USG had a return on equity of 13.59% and a net margin of 2.96%. The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $757.57 million. During the same period in the prior year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts forecast that USG will post 2.23 earnings per share for the current fiscal year.

USG announced that its board has authorized a stock repurchase plan on Thursday, February 1st that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in USG by 62.2% in the fourth quarter. First Trust Advisors LP now owns 102,009 shares of the construction company’s stock valued at $3,933,000 after buying an additional 39,104 shares in the last quarter. California Public Employees Retirement System boosted its stake in USG by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 171,522 shares of the construction company’s stock valued at $6,614,000 after buying an additional 5,200 shares in the last quarter. SG Americas Securities LLC boosted its stake in USG by 67.9% in the fourth quarter. SG Americas Securities LLC now owns 8,743 shares of the construction company’s stock valued at $337,000 after buying an additional 3,536 shares in the last quarter. BlackRock Inc. boosted its stake in USG by 2.0% in the fourth quarter. BlackRock Inc. now owns 4,208,210 shares of the construction company’s stock valued at $162,270,000 after buying an additional 83,824 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. boosted its stake in USG by 5.4% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 77,379 shares of the construction company’s stock valued at $2,984,000 after buying an additional 3,970 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

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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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