Norbord (OSB) Receiving Somewhat Positive Press Coverage, Analysis Shows

News stories about Norbord (NYSE:OSB) have been trending somewhat positive on Sunday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog 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. Norbord earned a news impact score of 0.22 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.8088237094757 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of Norbord (OSB) opened at $35.71 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3,040.00, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.14 and a beta of 2.33. Norbord has a twelve month low of $23.68 and a twelve month high of $41.88.

Norbord (NYSE:OSB) last posted its earnings results on Friday, October 27th. The construction company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.02. The company had revenue of $578.00 million during the quarter. Norbord had a return on equity of 42.38% and a net margin of 16.33%. equities analysts forecast that Norbord will post 4.45 EPS for the current year.

Norbord announced that its board has authorized a share repurchase program on Friday, October 27th that authorizes the company to buyback 5,140,000 shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Several research analysts recently issued reports on OSB shares. Zacks Investment Research raised Norbord from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. CIBC cut Norbord from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 25th. Scotiabank reissued a “buy” rating and issued a $55.00 price objective on shares of Norbord in a research note on Tuesday, November 14th. TD Securities cut Norbord from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, BMO Capital Markets cut Norbord from a “market perform” rating to an “underperform” rating and increased their price objective for the stock from $31.00 to $32.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.60.

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About Norbord

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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