Norbord’s (OSB) “Buy” Rating Reiterated at Raymond James

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Norbord (NYSE:OSB)‘s stock had its “buy” rating reiterated by stock analysts at Raymond James in a report released on Tuesday, AnalystRatings.com reports. They presently have a $41.00 price target on the construction company’s stock. Raymond James’ price objective would indicate a potential upside of 76.04% from the stock’s previous close.

OSB has been the subject of several other reports. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. CIBC upped their target price on Stella-Jones from C$51.00 to C$53.00 in a research note on Tuesday, May 7th. TheStreet cut Twin Disc from a “b-” rating to a “c+” rating in a research note on Tuesday, June 11th. BMO Capital Markets restated a “hold” rating and set a $9.50 target price on shares of Vicon Industries in a research note on Friday, June 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 485 ($6.34) price target on shares of in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Norbord presently has an average rating of “Hold” and an average target price of $35.71.

NYSE OSB opened at $23.29 on Tuesday. The business’s fifty day simple moving average is $22.91. The company has a quick ratio of 0.85, a current ratio of 1.80 and a debt-to-equity ratio of 0.78. Norbord has a fifty-two week low of $19.46 and a fifty-two week high of $44.15. The company has a market capitalization of $1.92 billion, a PE ratio of 4.93 and a beta of 2.07.

Norbord (NYSE:OSB) last released its earnings results on Thursday, May 2nd. The construction company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). Norbord had a return on equity of 32.42% and a net margin of 11.92%. The business had revenue of $476.00 million for the quarter, compared to the consensus estimate of $462.00 million. On average, equities research analysts expect that Norbord will post 1.33 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its holdings in Norbord by 3.9% in the fourth quarter. Legal & General Group Plc now owns 13,916 shares of the construction company’s stock valued at $370,000 after purchasing an additional 526 shares during the period. Renaissance Group LLC increased its holdings in Norbord by 3.0% in the first quarter. Renaissance Group LLC now owns 23,301 shares of the construction company’s stock valued at $642,000 after purchasing an additional 689 shares during the period. Great West Life Assurance Co. Can increased its holdings in Norbord by 9.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 9,739 shares of the construction company’s stock valued at $252,000 after purchasing an additional 860 shares during the period. Cozad Asset Management Inc. increased its holdings in Norbord by 3.0% in the first quarter. Cozad Asset Management Inc. now owns 39,005 shares of the construction company’s stock valued at $1,075,000 after purchasing an additional 1,135 shares during the period. Finally, BlackRock Inc. increased its holdings in Norbord by 4.0% in the fourth quarter. BlackRock Inc. now owns 33,268 shares of the construction company’s stock valued at $884,000 after purchasing an additional 1,277 shares during the period. Institutional investors and hedge funds own 79.10% of the company’s stock.

Norbord Company Profile

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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Analyst Recommendations for Norbord (NYSE:OSB)

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