A number of other equities analysts have also commented on OSB. Royal Bank of Canada cut their price target on Norbord from C$55.00 to C$45.00 in a report on Tuesday, January 8th. Seaport Global Securities reaffirmed a buy rating on shares of Norbord in a report on Tuesday, October 23rd. Finally, Raymond James downgraded Norbord from a strong-buy rating to an outperform rating and lowered their price target for the company from C$60.00 to C$51.00 in a research report on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$45.38.
Shares of OSB stock traded up C$0.51 during trading hours on Tuesday, reaching C$34.51. 256,300 shares of the company’s stock were exchanged, compared to its average volume of 358,305. Norbord has a fifty-two week low of C$31.87 and a fifty-two week high of C$58.92. The firm has a market cap of $2.99 billion and a PE ratio of 8.08. The company has a quick ratio of 0.76, a current ratio of 1.40 and a debt-to-equity ratio of 66.83.
Norbord (TSE:OSB) last posted its quarterly earnings results on Friday, February 1st. The company reported C$0.40 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.03. The firm had revenue of C$662.21 million for the quarter, compared to analyst estimates of C$684.35 million. As a group, equities analysts predict that Norbord will post 2.80999976583335 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Friday, March 1st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.60 annualized dividend and a dividend yield of 4.64%. Norbord’s payout ratio is presently 113.62%.
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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