Norbord (TSE:OSB) Given New C$40.00 Price Target at Raymond James

Share on StockTwits

Norbord (TSE:OSB) had its target price cut by Raymond James from C$41.00 to C$40.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Norbord’s Q4 2019 earnings at $1.53 EPS and FY2019 earnings at $1.95 EPS.

Several other equities research analysts have also recently weighed in on OSB. Royal Bank of Canada reduced their price target on Norbord from C$42.00 to C$40.00 in a research note on Tuesday, July 9th. CIBC upped their price target on Norbord from C$31.00 to C$35.00 in a research note on Friday, July 5th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$28.00 price target on shares of Norbord in a research note on Monday, June 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$35.75.

Shares of OSB stock opened at C$29.31 on Friday. The stock has a market capitalization of $2.39 billion and a PE ratio of 9.07. The business has a fifty day moving average price of C$31.32. Norbord has a twelve month low of C$26.31 and a twelve month high of C$57.29. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.82 and a current ratio of 1.80.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 30th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.60 annualized dividend and a yield of 5.46%. Norbord’s payout ratio is 145.04%.

About Norbord

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.

Recommended Story: Trading Strategy Methods for Individual Investors

Analyst Recommendations for Norbord (TSE:OSB)

Receive News & Ratings for Norbord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norbord and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SpartanNash  Lifted to “Hold” at Pivotal Research
SpartanNash Lifted to “Hold” at Pivotal Research
SpartanNash  Lifted to “Hold” at ValuEngine
SpartanNash Lifted to “Hold” at ValuEngine
ValuEngine Lowers Sportsman’s Warehouse  to Sell
ValuEngine Lowers Sportsman’s Warehouse to Sell
Sorrento Therapeutics  Raised to “Hold” at Zacks Investment Research
Sorrento Therapeutics Raised to “Hold” at Zacks Investment Research
Sierra Oncology  Upgraded at Zacks Investment Research
Sierra Oncology Upgraded at Zacks Investment Research
Zacks Investment Research Lowers Sierra Oncology  to Hold
Zacks Investment Research Lowers Sierra Oncology to Hold


© 2006-2019 Ticker Report