Favorable Media Coverage Somewhat Unlikely to Impact USG (USG) Stock Price
News coverage about USG (NYSE:USG) has trended positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. USG earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 47.0600970686053 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Leaked US documents can be used as evidence, rules UK Supreme Court — RT UK News (rinf.com)
- Wired News – The US International Trade Commission Rules in Favor of Aspen Aerogels in Patents Infringement Against Two Chinese Companies (finance.yahoo.com)
- USG Corporation Partners with Habitat for Humanity to Build a Better Future (markets.financialcontent.com)
- Winter Carnival Set to Begin (mtu.edu)
- USG (USG) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
USG (NYSE:USG) opened at $33.23 on Friday. 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 has a twelve month low of $25.60 and a twelve month high of $41.18. The firm has a market cap of $4,700.00, a PE ratio of 48.16, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16.
USG declared that its board has authorized a stock buyback plan on Thursday, February 1st that allows the company to buyback $250.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
A number of brokerages have recently issued reports on USG. Zacks Investment Research downgraded shares of USG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 6th. Barclays upgraded shares of USG from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $31.00 to $43.00 in a report on Friday, January 5th. Macquarie increased their price target on shares of USG from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Robert W. Baird upgraded shares of USG from a “neutral” rating to an “outperform” rating and increased their price target for the company from $35.00 to $45.00 in a report on Friday, January 5th. Finally, Nomura cut their price target on shares of USG from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. USG currently has an average rating of “Hold” and a consensus target price of $37.62.
In other USG news, insider Joseph W. Holmes sold 2,570 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $38.26, for a total transaction of $98,328.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer F. Scanlon sold 6,045 shares of USG stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $37.54, for a total transaction of $226,929.30. Following the sale, the chief executive officer now owns 85,429 shares of the company’s stock, valued at $3,207,004.66. The disclosure for this sale can be found here. Insiders have sold a total of 28,992 shares of company stock valued at $1,093,870 over the last 90 days. 0.67% of the stock is currently owned by insiders.
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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.
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