Somewhat Positive News Coverage Somewhat Unlikely to Impact Norbord (NYSE:OSB) Stock Price
Headlines about Norbord (NYSE:OSB) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Norbord earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.4446485927599 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several brokerages have recently commented on OSB. TD Securities lifted their target price on Norbord from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. BMO Capital Markets lifted their target price on Norbord from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, July 31st. Credit Suisse Group upgraded Norbord from a “neutral” rating to an “outperform” rating in a research note on Monday, July 31st. ValuEngine upgraded Norbord from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded Norbord from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Friday, June 30th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $35.00.
Shares of Norbord (NYSE OSB) traded down 0.58% on Friday, hitting $32.62. The stock had a trading volume of 8,368 shares. The company has a 50-day moving average of $32.45 and a 200 day moving average of $29.68. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 10.73 and a beta of 3.95. Norbord has a 52 week low of $21.40 and a 52 week high of $35.65.
Norbord (NYSE:OSB) last announced its quarterly earnings data on Friday, July 28th. The construction company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.01. Norbord had a net margin of 13.52% and a return on equity of 37.87%. The firm had revenue of $536 million for the quarter. On average, equities research analysts predict that Norbord will post $3.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 1st will be issued a dividend of $0.398 per share. This represents a $1.59 annualized dividend and a yield of 4.88%. This is a positive change from Norbord’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, August 30th. Norbord’s dividend payout ratio is 28.95%.
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Norbord Company Profile
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers 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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