Royal Bank of Canada reaffirmed their average rating on shares of Norbord (NYSE:OSB) in a report issued on Tuesday morning, AnalystRatings.com reports. Royal Bank of Canada currently has a $40.00 target price on the construction company’s stock.
Several other research firms also recently commented on OSB. CIBC upped their price objective on shares of Stella-Jones from C$51.00 to C$53.00 in a report on Tuesday, May 7th. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. TheStreet cut shares of Twin Disc from a b- rating to a c+ rating in a research report on Tuesday, June 11th. BMO Capital Markets restated a hold rating and issued a $9.50 price objective on shares of Vicon Industries in a research report on Friday, June 14th. Finally, TD Securities cut their target price on TRANSAT AT from C$15.00 to C$11.00 and set a hold rating for the company in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $36.29.
Shares of OSB stock opened at $23.77 on Tuesday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 5.04 and a beta of 2.07. The company’s fifty day simple moving average is $22.61. 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 12 month low of $19.46 and a 12 month high of $44.15.
Norbord (NYSE:OSB) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). The firm had revenue of $476.00 million for the quarter, compared to analysts’ expectations of $462.00 million. Norbord had a return on equity of 32.42% and a net margin of 11.92%. Research analysts anticipate that Norbord will post 1.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Saturday, June 1st were paid a dividend of $0.299 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Thursday, May 30th. Norbord’s dividend payout ratio (DPR) is presently 25.00%.
A number of hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in shares of Norbord during the first quarter valued at $45,000. Beutel Goodman & Co Ltd. bought a new stake in Norbord during the 1st quarter valued at approximately $71,000. PNC Financial Services Group Inc. raised its stake in Norbord by 201.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,482 shares of the construction company’s stock valued at $93,000 after purchasing an additional 2,325 shares during the period. RBF Capital LLC bought a new stake in Norbord during the 4th quarter valued at approximately $213,000. Finally, Great West Life Assurance Co. Can increased its stake in Norbord by 9.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 9,739 shares of the construction company’s stock worth $252,000 after acquiring an additional 860 shares during the last quarter. 79.10% of the stock is owned by institutional investors.
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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