Norbord (TSE:OSB) has been given a C$51.00 target price by equities research analysts at Raymond James in a report released on Monday, February 4th. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 47.78% from the company’s previous close.
A number of other research firms also recently issued reports on OSB. Royal Bank of Canada downgraded shares of Norbord from a “top pick” rating to an “outperform” rating and set a C$45.00 price objective for the company. in a report on Monday, February 4th. CIBC downgraded shares of Norbord from a “neutral” rating to an “underperform” rating and cut their price objective for the company from C$40.00 to C$29.00 in a report on Monday, January 14th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Norbord in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$45.38.
TSE OSB traded up C$0.51 during trading on Monday, reaching C$34.51. The company’s stock had a trading volume of 256,300 shares, compared to its average volume of 358,305. The company has a quick ratio of 0.76, a current ratio of 1.40 and a debt-to-equity ratio of 66.83. The company has a market capitalization of $2.99 billion and a P/E ratio of 8.08. Norbord has a 12 month low of C$31.87 and a 12 month high of C$58.92.
Norbord (TSE:OSB) last posted its quarterly earnings data on Friday, February 1st. The company reported C$0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.37 by C$0.03. The business had revenue of C$662.21 million during the quarter, compared to the consensus estimate of C$684.35 million. Equities analysts expect that Norbord will post 2.80999976583335 EPS for the current year.
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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