Norbord Inc (NYSE:OSB) has been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $32.60.
A number of brokerages have weighed in on OSB. ValuEngine upgraded Norbord from a “strong sell” rating to a “sell” rating in a report on Wednesday. Royal Bank of Canada downgraded Norbord from a “top pick” rating to an “outperform” rating in a report on Monday, February 4th. Zacks Investment Research upgraded Norbord from a “sell” rating to a “hold” rating in a report on Saturday, April 20th. CIBC downgraded Norbord from a “neutral” rating to a “sector underperform” rating in a report on Monday, January 14th. Finally, TD Securities lifted their target price on Norbord from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, February 4th.
OSB stock traded up $0.46 during mid-day trading on Thursday, reaching $25.72. The company’s stock had a trading volume of 105,464 shares, compared to its average volume of 208,045. The company has a market cap of $2.08 billion, a P/E ratio of 5.45, a PEG ratio of 2.06 and a beta of 1.71. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.80 and a current ratio of 1.40. Norbord has a 12 month low of $23.30 and a 12 month high of $45.45.
Norbord (NYSE:OSB) last issued its earnings results on Thursday, May 2nd. The construction company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). Norbord had a return on equity of 39.63% and a net margin of 15.31%. On average, research analysts predict that Norbord will post 2.05 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in OSB. Norges Bank acquired a new stake in Norbord in the fourth quarter valued at approximately $37,815,000. Letko Brosseau & Associates Inc. boosted its position in shares of Norbord by 10.0% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 5,177,944 shares of the construction company’s stock valued at $137,619,000 after buying an additional 469,233 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Norbord by 501.0% during the fourth quarter. Mackenzie Financial Corp now owns 372,315 shares of the construction company’s stock valued at $9,900,000 after buying an additional 310,368 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Norbord by 1,698.2% during the third quarter. Neuberger Berman Group LLC now owns 188,491 shares of the construction company’s stock valued at $6,250,000 after buying an additional 178,009 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Norbord by 25.0% during the fourth quarter. APG Asset Management N.V. now owns 701,000 shares of the construction company’s stock valued at $16,298,000 after buying an additional 140,300 shares during the last quarter. 82.64% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Oversold
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