J P Morgan Chase & Co Raises USG Corporation (USG) Price Target to $38.00

USG Corporation (NYSE:USG) had its target price boosted by J P Morgan Chase & Co from $30.00 to $38.00 in a report issued on Wednesday, November 1st. The brokerage presently has a “neutral” rating on the construction company’s stock. J P Morgan Chase & Co’s target price points to a potential upside of 12.06% from the company’s current price.

Several other research firms also recently weighed in on USG. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price target on shares of USG Corporation in a research note on Thursday, October 26th. Citigroup Inc. upped their price target on USG Corporation from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Barclays PLC upped their price target on USG Corporation from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Bank of America Corporation downgraded USG Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded USG Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. USG Corporation has a consensus rating of “Hold” and a consensus price target of $32.07.

Shares of USG Corporation (USG) traded up $0.45 during mid-day trading on Wednesday, hitting $33.91. 1,818,600 shares of the stock were exchanged, compared to its average volume of 1,660,380. USG Corporation has a 1 year low of $25.60 and a 1 year high of $35.02. The company has a market cap of $4,733.74, a PE ratio of 19.45, a PEG ratio of 1.67 and a beta of 1.17. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 0.54.

USG Corporation (NYSE:USG) last posted its earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $790.54 million. USG Corporation had a net margin of 14.93% and a return on equity of 12.90%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. equities research analysts expect that USG Corporation will post 1.67 earnings per share for the current year.

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In other news, insider Brian J. Cook sold 30,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $34.58, for a total transaction of $1,037,400.00. Following the transaction, the insider now owns 84,538 shares in the company, valued at $2,923,324.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dominic A. Dannessa sold 5,000 shares of USG Corporation stock in a transaction dated 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 owns 61,713 shares in the company, valued at approximately $2,000,118.33. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Several institutional investors have recently bought and sold shares of USG. BlackRock Inc. increased its position in shares of USG Corporation by 14,864.0% in the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after buying an additional 4,009,572 shares in the last quarter. Janus Capital Management LLC increased its position in shares of USG Corporation by 1,445.9% during the first quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock worth $23,028,000 after purchasing an additional 677,304 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of USG Corporation during the second quarter worth approximately $5,467,000. Dimensional Fund Advisors LP lifted its stake in shares of USG Corporation by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,957,572 shares of the construction company’s stock valued at $62,251,000 after purchasing an additional 167,321 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of USG Corporation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock valued at $217,404,000 after purchasing an additional 76,843 shares during the last quarter. Institutional investors and hedge funds own 86.12% of the company’s stock.

About USG Corporation

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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