USG Corporation (NYSE:USG) was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They currently have a $33.00 price target on the construction company’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 3.38% from the stock’s previous close. SunTrust Banks also issued estimates for USG Corporation’s Q3 2017 earnings at $0.42 EPS, Q4 2017 earnings at $0.35 EPS, FY2017 earnings at $1.58 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.98 EPS. The analysts noted that the move was a valuation call.

A number of other brokerages also recently issued reports on USG. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG Corporation in a report on Wednesday, July 19th. CL King lowered shares of USG Corporation from a “strong-buy” rating to a “neutral” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and set a $31.00 price objective (up from $28.00) on shares of USG Corporation in a report on Monday, September 18th. ValuEngine cut shares of USG Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, TheStreet downgraded shares of USG Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 17th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.46.

Shares of USG Corporation (NYSE USG) opened at 31.92 on Monday. USG Corporation has a 12 month low of $23.71 and a 12 month high of $34.67. The stock’s 50 day moving average price is $29.76 and its 200 day moving average price is $29.63. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 10.24 and a beta of 1.00.

USG Corporation (NYSE:USG) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The firm had revenue of $811.00 million for the quarter, compared to the consensus estimate of $809.44 million. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. USG Corporation’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Analysts expect that USG Corporation will post $1.67 EPS for the current year.

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In other news, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the sale, the insider now directly owns 61,713 shares in the company, valued at approximately $2,000,118.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USG. BlackRock Inc. grew its holdings in USG Corporation by 14,864.0% during the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after purchasing an additional 4,009,572 shares during the period. Bank of America Corp DE increased its position in USG Corporation by 95.8% in the first quarter. Bank of America Corp DE now owns 3,579,696 shares of the construction company’s stock worth $113,834,000 after buying an additional 1,751,530 shares in the last quarter. Fairfax Financial Holdings Ltd Can increased its position in USG Corporation by 335.8% in the first quarter. Fairfax Financial Holdings Ltd Can now owns 1,530,522 shares of the construction company’s stock worth $48,671,000 after buying an additional 1,179,300 shares in the last quarter. Macquarie Group Ltd. increased its position in USG Corporation by 94.2% in the first quarter. Macquarie Group Ltd. now owns 2,086,225 shares of the construction company’s stock worth $66,342,000 after buying an additional 1,011,813 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in USG Corporation by 1,445.9% in the first quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock worth $23,028,000 after buying an additional 677,304 shares in the last quarter. Institutional investors own 87.00% of the company’s stock.

USG Corporation Company Profile

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 Corporation (NYSE:USG)

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