Credit Suisse Group Reiterates Hold Rating for USG (USG)

Credit Suisse Group reiterated their hold rating on shares of USG (NYSE:USG) in a research note published on Thursday.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase raised shares of USG from a neutral rating to an overweight rating and set a $38.00 target price on the stock in a research note on Friday, January 5th. Barclays raised shares of USG from an equal weight rating to an overweight rating and boosted their target price for the stock from $31.00 to $43.00 in a research note on Friday, January 5th. Robert W. Baird raised shares of USG from a neutral rating to an outperform rating and boosted their target price for the stock from $35.00 to $45.00 in a research note on Friday, January 5th. Stifel Nicolaus boosted their target price on shares of USG from $33.00 to $36.00 and gave the stock a hold rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of USG from a hold rating to a buy rating and set a $43.00 target price on the stock in a research note on Saturday, January 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $38.00.

Shares of NYSE:USG opened at $40.42 on Thursday. The company has a market capitalization of $5,701.48, a P/E ratio of 22.46, a PEG ratio of 1.23 and a beta of 1.25. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58. USG has a 1 year low of $25.60 and a 1 year high of $41.18.

USG (NYSE:USG) last announced its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The business had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $757.57 million. USG had a net margin of 2.96% and a return on equity of 13.59%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. equities analysts predict that USG will post 2.23 EPS for the current fiscal year.

USG announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 1st that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of USG by 45.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock worth $206,000 after purchasing an additional 1,681 shares during the last quarter. Barnett & Company Inc. grew its stake in shares of USG by 5.5% in the fourth quarter. Barnett & Company Inc. now owns 36,700 shares of the construction company’s stock worth $1,415,000 after purchasing an additional 1,900 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of USG by 67.9% in the fourth quarter. SG Americas Securities LLC now owns 8,743 shares of the construction company’s stock worth $337,000 after purchasing an additional 3,536 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of USG by 5.4% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 77,379 shares of the construction company’s stock worth $2,984,000 after purchasing an additional 3,970 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of USG by 2.2% in the third quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after purchasing an additional 4,100 shares during the last quarter. 82.13% of the stock is currently owned by institutional investors.

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About USG

USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. The Company’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). It produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes.

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