Citigroup Inc. Reiterates Neutral Rating for USG Corporation (USG)

USG Corporation (NYSE:USG)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup Inc. in a report released on Monday. They currently have a $34.00 price target on the construction company’s stock, up from their previous price target of $31.00. Citigroup Inc.’s target price points to a potential upside of 3.66% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. SunTrust Banks, Inc. cut shares of USG Corporation from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research report on Monday, October 2nd. They noted that the move was a valuation call. ValuEngine upgraded shares of USG Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and issued a $31.00 target price (up previously from $28.00) on shares of USG Corporation in a research report on Monday, September 18th. Nomura decreased their target price on shares of USG Corporation from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Finally, Robert W. Baird restated a “hold” rating and issued a $30.00 target price on shares of USG Corporation in a research report on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.71.

Shares of USG Corporation (NYSE:USG) opened at 32.80 on Monday. The firm has a 50-day moving average price of $30.64 and a 200-day moving average price of $29.59. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 10.52 and a beta of 1.00. USG Corporation has a one year low of $23.71 and a one year high of $34.67.

USG Corporation (NYSE:USG) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The firm had revenue of $811.00 million during the quarter, compared to the consensus estimate of $809.44 million. During the same quarter last year, the company posted $0.46 EPS. USG Corporation’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that USG Corporation will post $1.67 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Citigroup Inc. Reiterates Neutral Rating for USG Corporation (USG)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/11/citigroup-inc-reiterates-neutral-rating-for-usg-corporation-usg.html.

In other news, insider Dominic A. Dannessa sold 5,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the transaction, the insider now directly owns 61,713 shares in the company, valued at $2,000,118.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.67% of the company’s stock.

Several institutional investors have recently bought and sold shares of USG. Karp Capital Management Corp bought a new position in shares of USG Corporation in the first quarter valued at approximately $538,000. Ameriprise Financial Inc. boosted its holdings in shares of USG Corporation by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 326,599 shares of the construction company’s stock valued at $10,387,000 after acquiring an additional 30,777 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of USG Corporation by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 187,925 shares of the construction company’s stock valued at $5,976,000 after acquiring an additional 5,969 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of USG Corporation by 70.1% in the first quarter. SG Americas Securities LLC now owns 10,543 shares of the construction company’s stock v

Several other research analysts have also recently commented on the stock. SunTrust Banks, Inc. cut shares of USG Corporation from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research report on Monday, October 2nd. They noted that the move was a valuation call. ValuEngine upgraded shares of USG Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and issued a $31.00 target price (up previously from $28.00) on shares of USG Corporation in a research report on Monday, September 18th. Nomura decreased their target price on shares of USG Corporation from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Finally, Robert W. Baird restated a “hold” rating and issued a $30.00 target price on shares of USG Corporation in a research report on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.71.

Shares of USG Corporation (NYSE:USG) opened at 32.80 on Monday. The firm has a 50-day moving average price of $30.64 and a 200-day moving average price of $29.59. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 10.52 and a beta of 1.00. USG Corporation has a one year low of $23.71 and a one year high of $34.67.

USG Corporation (NYSE:USG) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The firm had revenue of $811.00 million during the quarter, compared to the consensus estimate of $809.44 million. During the same quarter last year, the company posted $0.46 EPS. USG Corporation’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that USG Corporation will post $1.67 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Citigroup Inc. Reiterates Neutral Rating for USG Corporation (USG)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/11/citigroup-inc-reiterates-neutral-rating-for-usg-corporation-usg.html.

In other news, insider Dominic A. Dannessa sold 5,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the transaction, the insider now directly owns 61,713 shares in the company, valued at $2,000,118.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.67% of the company’s stock.

Several institutional investors have recently bought and sold shares of USG. Karp Capital Management Corp bought a new position in shares of USG Corporation in the first quarter valued at approximately $538,000. Ameriprise Financial Inc. boosted its holdings in shares of USG Corporation by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 326,599 shares of the construction company’s stock valued at $10,387,000 after acquiring an additional 30,777 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of USG Corporation by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 187,925 shares of the construction company’s stock valued at $5,976,000 after acquiring an additional 5,969 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of USG Corporation by 70.1% in the first quarter. SG Americas Securities LLC now owns 10,543 shares of the construction company’s stock valued at $335,000 after acquiring an additional 4,346 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of USG Corporation by 9.7% in the first quarter. Teachers Advisors LLC now owns 457,070 shares of the construction company’s stock valued at $14,535,000 after acquiring an additional 40,312 shares in the last quarter. Institutional investors and hedge funds own 87.01% of the company’s stock.

USG Corporation Company Profile

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.

Analyst Recommendations for USG Corporation (NYSE:USG)

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