Jefferies Group Reiterates “Hold” Rating for USG (NYSE:USG)

Jefferies Group restated their hold rating on shares of USG (NYSE:USG) in a research note published on Friday, February 2nd. The firm currently has a $36.00 target price on the construction company’s stock. Jefferies Group also issued estimates for USG’s Q4 2018 earnings at $0.68 EPS and FY2019 earnings at $3.07 EPS.

USG has been the subject of several other reports. JPMorgan Chase & Co. increased their target price on USG from $30.00 to $38.00 and gave the company a neutral rating in a report on Wednesday, November 1st. Credit Suisse Group restated an underperform rating and set a $36.00 target price (up from $26.00) on shares of USG in a report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded USG from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Saturday, January 6th. Citigroup reiterated a neutral rating and issued a $34.00 price objective (up previously from $31.00) on shares of USG in a report on Monday, October 9th. Finally, Macquarie increased their price objective on USG from $35.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $37.62.

Shares of USG (NYSE USG) opened at $33.74 on Friday. The firm has a market capitalization of $4,683.50, a PE ratio of 53.56, a P/E/G ratio of 1.24 and a beta of 1.16. USG has a fifty-two week low of $25.60 and a fifty-two week high of $41.18. 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 (NYSE:USG) last issued its earnings results on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14. The company had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $757.57 million. USG had a return on equity of 13.36% and a net margin of 2.96%. USG’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. equities analysts predict that USG will post 2.24 earnings per share for the current fiscal year.

USG declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 1st that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, insider Christopher D. Macey sold 3,325 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $37.61, for a total value of $125,053.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer F. Scanlon sold 6,045 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $37.54, for a total value of $226,929.30. Following the completion of the transaction, the chief executive officer now directly owns 85,429 shares of the company’s stock, valued at approximately $3,207,004.66. The disclosure for this sale can be found here. Insiders sold a total of 28,992 shares of company stock valued at $1,093,870 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in USG during the 4th quarter valued at approximately $196,000. SG Americas Securities LLC bought a new position in USG during the 3rd quarter valued at approximately $170,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in USG by 45.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock valued at $206,000 after buying an additional 1,681 shares in the last quarter. Creative Planning bought a new position in USG during the 4th quarter valued at approximately $235,000. Finally, Fox Run Management L.L.C. bought a new position in USG during the 4th quarter valued at approximately $304,000. 85.37% of the stock is owned by institutional investors.

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USG 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 (NYSE:USG)

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