News coverage about Norbord (NYSE:OSB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Norbord earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.7109069563927 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Norbord (NYSE OSB) traded down $0.32 during midday trading on Monday, hitting $34.00. 67,741 shares of the stock traded hands, compared to its average volume of 45,504. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.83 and a quick ratio of 1.15. The stock has a market cap of $2,970.00, a PE ratio of 8.74, a price-to-earnings-growth ratio of 0.82 and a beta of 2.30. Norbord has a 52-week low of $23.68 and a 52-week high of $41.88.
Norbord (NYSE:OSB) last announced its earnings results on Friday, October 27th. The construction company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.02. The firm had revenue of $578.00 million for the quarter. Norbord had a net margin of 16.33% and a return on equity of 42.38%. equities analysts forecast that Norbord will post 4.5 EPS for the current fiscal year.
Norbord announced that its Board of Directors has initiated a stock repurchase plan on Friday, October 27th that allows the company to buyback 5,140,000 outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
Several brokerages have commented on OSB. Bank of America began coverage on shares of Norbord in a research note on Monday, October 2nd. They issued a “sell” rating and a $41.00 price target on the stock. Zacks Investment Research upgraded shares of Norbord from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Friday, October 27th. Scotiabank reiterated a “buy” rating and issued a $55.00 price target on shares of Norbord in a research note on Tuesday, November 14th. Vertical Research cut shares of Norbord from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, TD Securities decreased their target price on shares of Norbord from $43.00 to $39.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.60.
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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