USG (NYSE:USG): Buckingham Reaffirms Neutral Rating Today, Has a Target of $42/Share

June 13, 2018 - By Linda Rogers

USG Corporation (NYSE:USG) Logo

Investors sentiment is 0.88 in 2018 Q1. Its the same as in 2017Q4. It has no change, as 28 investors sold USG Corporation shares while 81 reduced holdings. only 40 funds opened positions while 56 raised stakes. 112.04 million shares or 0.95% less from 113.11 million shares in 2017Q4 were reported.

The New York-based Gabelli And Inv Advisers has invested 0.03% in USG Corporation (NYSE:USG). Stratos Wealth Prns Limited holds 1,800 shares or 0% of its portfolio. Alliancebernstein Ltd Partnership reported 48,280 shares stake. 34,828 are owned by Moors And Cabot. Rothschild Investment Il holds 0.17% of its portfolio in USG Corporation (NYSE:USG) for 33,300 shares. First Republic Mgmt Inc accumulated 8,184 shares. Germany-based Dekabank Deutsche Girozentrale has invested 0% in USG Corporation (NYSE:USG). Prudential Finance Inc, New Jersey-based fund reported 5,347 shares. D E Shaw And Comm Incorporated has invested 0% in USG Corporation (NYSE:USG). Punch Invest Mgmt has 0.35% invested in USG Corporation (NYSE:USG). Moreover, Atlantic Group Ltd Co has 0% invested in USG Corporation (NYSE:USG) for 1,066 shares. Natixis has 0.03% invested in USG Corporation (NYSE:USG). The Nebraska-based Berkshire Hathaway has invested 0.83% in USG Corporation (NYSE:USG). Shapiro Capital Mgmt Limited Com, Georgia-based fund reported 2.87M shares. 69,651 are owned by Hightower Advsr Ltd Limited Liability Company.

Since June 1, 2018, it had 0 insider buys, and 1 insider sale for $620,252 activity.

USG (NYSE:USG) Rating Reaffirmed

In an analyst report sent to clients and investors this morning, Buckingham reiterated their Neutral rating on USG (NYSE:USG) shares. The TP would indicate a possible downside of -2.55 % from firm’s previous close.

USG Corporation (NYSE:USG) Ratings Coverage

Among 13 analysts covering USG (NYSE:USG), 2 have Buy rating, 0 Sell and 11 Hold. Therefore 15% are positive. USG has $44 highest and $3400 lowest target. $39.45’s average target is -8.47% below currents $43.1 stock price. USG had 26 analyst reports since January 5, 2018 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Buy” on Thursday, February 1. The rating was maintained by Credit Suisse on Monday, January 22 with “Sell”. The firm earned “Hold” rating on Wednesday, January 17 by Jefferies. The rating was downgraded by Robert W. Baird on Tuesday, June 12 to “Hold”. The firm has “Overweight” rating given on Friday, January 5 by JP Morgan. SunTrust maintained the shares of USG in report on Monday, April 16 with “Hold” rating. As per Friday, January 5, the company rating was upgraded by Robert W. Baird. The stock has “Hold” rating by Stifel Nicolaus on Thursday, February 1. On Friday, January 5 the stock rating was upgraded by J.P. Morgan to “Buy”. The company was maintained on Tuesday, January 23 by Jefferies.

The stock decreased 0.30% or $0.13 during the last trading session, reaching $43.1. About 2.20M shares traded or 26.64% up from the average. USG Corporation (NYSE:USG) has risen 45.47% since June 13, 2017 and is uptrending. It has outperformed by 32.90% the S&P500.

Analysts await USG Corporation (NYSE:USG) to report earnings on July, 25. They expect $0.61 earnings per share, up 38.64 % or $0.17 from last year’s $0.44 per share. USG’s profit will be $85.07 million for 17.66 P/E if the $0.61 EPS becomes a reality. After $0.32 actual earnings per share reported by USG Corporation for the previous quarter, Wall Street now forecasts 90.63 % EPS growth.

USG Corporation, through its subsidiaries, makes and sells building materials worldwide. The company has market cap of $6.01 billion. The companyÂ’s Gypsum segment makes and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications. It has a 91.12 P/E ratio. This segment offers gypsum panels, as well as joint compounds, corner beads, joint tapes, and plasters for wallboard joints finishing under the Sheetrock brand; cement board under the Durock brand; backerboard that includes abuse-resistant interior wall panels, tile backer boards, and flooring underlayments under the Fiberock brand; poured gypsum flooring systems under the Levelrock brand; roof boards under the Securock brand; and air-water barrier system and industrial gypsum under the ExoAir 430 brand.

More notable recent USG Corporation (NYSE:USG) news were published by: Bizjournals.com which released: “Knauf to acquire USG in $7 billion deal” on June 11, 2018, also Businesswire.com with their article: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of …” published on June 11, 2018, Prnewswire.com published: “ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of USG Corporation” on June 11, 2018. More interesting news about USG Corporation (NYSE:USG) were released by: Prnewswire.com and their article: “USG INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC …” published on June 12, 2018 as well as Themiddlemarket.com‘s news article titled: “M&A daily wrap: Rockwell, PTC, L Catterton, Splunk, Heineken, Knauf” with publication date: June 11, 2018.

USG Corporation (NYSE:USG) Institutional Positions Chart

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