Norbord (TSE:OSB) had its price objective boosted by Raymond James Financial from C$65.00 to C$66.00 in a research report sent to investors on Tuesday morning.
A number of other analysts also recently weighed in on the stock. CIBC decreased their target price on shares of Norbord from C$50.00 to C$42.00 in a research report on Friday, January 12th. BMO Capital Markets set a C$32.00 target price on shares of Norbord and gave the company an underperform rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of C$51.50.
TSE:OSB opened at C$51.34 on Tuesday. Norbord has a fifty-two week low of C$38.00 and a fifty-two week high of C$51.75.
Norbord (TSE:OSB) last released its earnings results on Friday, February 2nd. The company reported C$1.79 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.73 by C$0.06. The business had revenue of C$756.97 million during the quarter. Norbord had a net margin of 26.85% and a return on equity of 66.95%.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Thursday, March 1st were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Wednesday, February 28th.
In other news, insider Nigel Banks sold 19,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of C$47.00, for a total transaction of C$893,000.00. Also, insider Peter Cornelius Wijnbergen sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$45.00, for a total transaction of C$315,000.00. In the last ninety days, insiders have sold 36,000 shares of company stock valued at $1,656,000.
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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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