Norbord (OSB) Reaches New 1-Year Low at $31.86

Shares of Norbord Inc (TSE:OSB) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$31.86 and last traded at C$31.98, with a volume of 157710 shares. The stock had previously closed at C$33.34.

OSB has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price objective on shares of Norbord from C$55.00 to C$45.00 in a research report on Tuesday, January 8th. Raymond James lowered their price objective on shares of Norbord from C$51.00 to C$45.00 in a research report on Wednesday, April 3rd. Finally, CIBC increased their price objective on shares of Norbord from C$29.00 to C$30.00 in a research report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$43.13.

The company has a debt-to-equity ratio of 66.83, a quick ratio of 0.76 and a current ratio of 1.40. The stock has a market cap of $2.70 billion and a P/E ratio of 7.54.

Norbord (TSE:OSB) last issued its quarterly earnings results on Friday, February 1st. The company reported C$0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.37 by C$0.03. The business had revenue of C$662.21 million during the quarter, compared to analysts’ expectations of C$684.35 million. On average, analysts anticipate that Norbord Inc will post 2.70081998665824 earnings per share for the current year.

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About Norbord (TSE:OSB)

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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