USG Corp. (USG) Stock Rating Upgraded by Vertical Group
USG Corp. (NYSE:USG) was upgraded by research analysts at Vertical Group from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $33.00 price objective on the stock. Vertical Group’s price target suggests a potential upside of 28.76% from the stock’s current price.
A number of other equities research analysts also recently weighed in on USG. Macquarie reissued a “buy” rating and set a $35.00 target price on shares of USG Corp. in a research report on Monday, June 13th. Jefferies Group reissued a “hold” rating on shares of USG Corp. in a research report on Wednesday, August 3rd. Credit Suisse Group AG reissued a “sell” rating on shares of USG Corp. in a research report on Tuesday, June 28th. RBC Capital Markets raised USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Tuesday, September 13th. Finally, Wedbush lifted their price objective on USG Corp. from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. USG Corp. presently has an average rating of “Hold” and a consensus target price of $32.21.
USG Corp. (NYSE:USG) opened at 25.63 on Monday. The stock’s 50 day moving average price is $27.49 and its 200 day moving average price is $27.00. The firm has a market capitalization of $3.74 billion, a PE ratio of 3.68 and a beta of 1.96. USG Corp. has a 12 month low of $15.85 and a 12 month high of $30.84.
USG Corp. (NYSE:USG) last released 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 analyst estimates of $1.01 billion. During the same period last year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect that USG Corp. will post $1.74 earnings per share for the current fiscal year.
In other USG Corp. news, insider Jennifer F. Scanlon sold 9,260 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $27.13, for a total transaction of $251,223.80. Following the completion of the sale, the insider now owns 34,432 shares in the company, valued at approximately $934,140.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth R. Banas sold 1,715 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $28.00, for a total transaction of $48,020.00. Following the sale, the vice president now owns 13,500 shares of the company’s stock, valued at approximately $378,000. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of USG. IFP Advisors Inc boosted its stake in shares of USG Corp. by 51.8% in the second quarter. IFP Advisors Inc now owns 8,735 shares of the company’s stock valued at $235,000 after buying an additional 2,982 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of USG Corp. by 264.1% in the second quarter. Public Employees Retirement System of Ohio now owns 85,194 shares of the company’s stock valued at $2,297,000 after buying an additional 61,798 shares during the last quarter. Paloma Partners Management Co boosted its stake in shares of USG Corp. by 274.0% in the second quarter. Paloma Partners Management Co now owns 38,290 shares of the company’s stock valued at $1,033,000 after buying an additional 28,051 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of USG Corp. by 78.9% in the second quarter. Panagora Asset Management Inc. now owns 63,156 shares of the company’s stock valued at $1,703,000 after buying an additional 27,854 shares during the last quarter. Finally, Cantab Capital Partners LLP acquired a new stake in shares of USG Corp. during the second quarter valued at approximately $271,000. Institutional investors 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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