USG Corporation (USG) Stock Rating Upgraded by ValuEngine
ValuEngine upgraded shares of USG Corporation (NYSE:USG) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
Several other research analysts also recently commented on USG. TheStreet downgraded USG Corporation from a b rating to a c+ rating in a report on Thursday, August 17th. BidaskClub downgraded USG Corporation from a hold rating to a sell rating in a report on Monday, July 31st. Nomura lifted their target price on USG Corporation from $27.00 to $32.00 and gave the stock a neutral rating in a report on Monday, September 11th. Barclays PLC raised USG Corporation from an underweight rating to an equal weight rating and cut their target price for the stock from $28.00 to $26.00 in a report on Sunday, July 30th. Finally, Jefferies Group LLC reaffirmed a hold rating on shares of USG Corporation in a report on Wednesday, July 19th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $30.25.
USG Corporation (NYSE:USG) opened at 32.65 on Wednesday. The firm has a 50-day moving average price of $28.31 and a 200 day moving average price of $29.74. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 10.47 and a beta of 1.00. USG Corporation has a 1-year low of $23.71 and a 1-year high of $34.67.
USG Corporation (NYSE:USG) last announced its earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The company had revenue of $811.00 million for the quarter, compared to analyst estimates of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. Equities analysts predict that USG Corporation will post $1.67 earnings per share for the current year.
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In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $32.41, for a total transaction of $162,050.00. Following the completion of the sale, the insider now directly owns 61,713 shares of the company’s stock, valued at approximately $2,000,118.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of USG Corporation by 14,864.0% in the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after acquiring an additional 4,009,572 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of USG Corporation by 953.1% in the first quarter. JPMorgan Chase & Co. now owns 1,986,738 shares of the construction company’s stock valued at $63,179,000 after acquiring an additional 1,798,074 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of 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 valued at $113,834,000 after acquiring an additional 1,751,530 shares in the last quarter. Fairfax Financial Holdings Ltd Can grew its holdings in shares of 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 valued at $48,671,000 after acquiring an additional 1,179,300 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of USG Corporation by 94.2% in the first quarter. Macquarie Group Ltd. now owns 2,086,225 shares of the construction company’s stock valued at $66,342,000 after acquiring an additional 1,011,813 shares in the last quarter. 87.00% of the stock is owned by hedge funds and other institutional investors.
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.
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