After Reaching 52-Week High, Is Norbord Inc. (OSB)’s Near-Term Analysis Positive?

April 17, 2018 - By Ellis Scott

The stock of Norbord Inc. (NYSE:OSB) hit a new 52-week high and has $45.76 target or 8.00 % above today’s $42.37 share price. The 5 months bullish chart indicates low risk for the $3.52B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $45.76 price target is reached, the company will be worth $281.76M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.65% or $1.4901 during the last trading session, reaching $42.3701. About 60,294 shares traded. Norbord Inc. (NYSE:OSB) has risen 31.19% since April 17, 2017 and is uptrending. It has outperformed by 19.64% the S&P500.

Analysts await Norbord Inc. (NYSE:OSB) to report earnings on May, 1. They expect $0.86 EPS, up 48.28 % or $0.28 from last year’s $0.58 per share. OSB’s profit will be $71.49M for 12.32 P/E if the $0.86 EPS becomes a reality. After $1.41 actual EPS reported by Norbord Inc. for the previous quarter, Wall Street now forecasts -39.01 % negative EPS growth.

Norbord Inc. manufactures and sells wood panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company has market cap of $3.52 billion. The firm 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. It has a 8.42 P/E ratio. It markets its products under the Durastrand pointSIX, Pinnacle, Stabledge, TruFlor pointSIX and TruFlor, SteadiTred, QuakeZone, Tallwall, Trubord and Windstorm, SolarBord, TruDeck, StableDec, SterlingOSB, Caberwood, MDF, and Conti and Caberboard brands.

Norbord Inc. (NYSE:OSB) Ratings Chart

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