USG Corp. (USG) Stock Rating Upgraded by Vertical Group
USG Corp. (NYSE:USG) was upgraded by stock analysts at Vertical Group from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage presently has a $33.00 price objective on the stock. Vertical Group’s price objective suggests a potential upside of 28.76% from the company’s previous close.
USG has been the subject of a number of other research reports. Jefferies Group reissued a “hold” rating and set a $33.00 target price on shares of USG Corp. in a research note on Tuesday, August 30th. Wedbush lifted their target price on shares of USG Corp. from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 6th. Macquarie reissued a “buy” rating and set a $35.00 target price on shares of USG Corp. in a research note on Monday, June 13th. Zacks Investment Research downgraded shares of USG Corp. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 23rd. Finally, RBC Capital Markets raised shares of USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Tuesday, September 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. USG Corp. has an average rating of “Hold” and an average price target of $32.21.
USG Corp. (NYSE:USG) opened at 25.63 on Monday. USG Corp. has a 1-year low of $15.85 and a 1-year high of $30.84. The firm has a market capitalization of $3.74 billion, a P/E ratio of 3.68 and a beta of 1.96. The stock’s 50 day moving average is $27.49 and its 200-day moving average is $27.00.
USG Corp. (NYSE:USG) last announced its earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.02. USG Corp. had a return on equity of 21.37% and a net margin of 26.60%. The firm had revenue of $1,000 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business earned $0.53 EPS. USG Corp.’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast that USG Corp. will post $1.74 EPS for the current year.
In related news, insider Jennifer F. Scanlon sold 9,260 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $27.13, for a total transaction of $251,223.80. Following the transaction, the insider now directly owns 34,432 shares in the company, valued at $934,140.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kenneth R. Banas sold 1,715 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $28.00, for a total transaction of $48,020.00. Following the transaction, the vice president now owns 13,500 shares in the company, valued at $378,000. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new position in USG Corp. during the first quarter valued at $122,000. Zions Bancorporation purchased a new position in USG Corp. during the first quarter valued at $156,000. Societe Generale purchased a new position in USG Corp. during the second quarter valued at $165,000. Meeder Asset Management Inc. purchased a new position in USG Corp. during the second quarter valued at $182,000. Finally, BlackRock Japan Co. Ltd purchased a new position in USG Corp. during the first quarter valued at $219,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
About USG Corp.
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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