Norbord (NYSE:OSB)‘s stock had its “average” rating reaffirmed by stock analysts at Royal Bank of Canada in a research report issued on Tuesday, AnalystRatings.com reports. They currently have a $40.00 target price on the construction company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 68.35% from the company’s current price.
Several other research analysts have also weighed in on the company. TheStreet lowered Twin Disc from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Raymond James set a $60.00 price target on Banner and gave the stock a “buy” rating in a research report on Friday, May 3rd. CIBC boosted their price target on Stella-Jones from C$51.00 to C$53.00 in a research report on Tuesday, May 7th. Finally, Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Norbord presently has a consensus rating of “Buy” and an average target price of $36.29.
Shares of NYSE:OSB traded up $0.01 during trading on Tuesday, hitting $23.76. 10,287 shares of the company were exchanged, compared to its average volume of 184,024. The stock has a market capitalization of $1.99 billion, a PE ratio of 5.03 and a beta of 2.07. Norbord has a fifty-two week low of $19.46 and a fifty-two week high of $44.15. The firm has a fifty day simple moving average of $22.57. The company has a current ratio of 1.80, a quick ratio of 0.85 and a debt-to-equity ratio of 0.78.
Norbord (NYSE:OSB) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.06). The company had revenue of $476.00 million for the quarter, compared to analyst estimates of $462.00 million. Norbord had a return on equity of 32.42% and a net margin of 11.92%. As a group, sell-side analysts predict that Norbord will post 1.66 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. RBF Capital LLC bought a new position in shares of Norbord during the 4th quarter worth approximately $213,000. Formula Growth Ltd. bought a new stake in Norbord in the 1st quarter valued at $7,439,000. DekaBank Deutsche Girozentrale boosted its stake in Norbord by 625.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 238,860 shares of the construction company’s stock valued at $8,338,000 after purchasing an additional 205,936 shares during the period. TD Asset Management Inc. boosted its stake in Norbord by 21.1% in the 1st quarter. TD Asset Management Inc. now owns 806,301 shares of the construction company’s stock valued at $22,222,000 after purchasing an additional 140,535 shares during the period. Finally, Norges Bank bought a new stake in Norbord in the 4th quarter valued at $37,815,000. Institutional investors own 79.10% of the company’s stock.
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.
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