News stories about Norbord (NYSE:OSB) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Norbord earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.5014696096595 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts recently weighed in on OSB shares. Zacks Investment Research lowered shares of Norbord from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. ValuEngine lowered shares of Norbord from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Credit Suisse Group lowered shares of Norbord from an “outperform” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research report on Tuesday, May 1st. BMO Capital Markets reaffirmed a “sell” rating and set a $33.00 price objective on shares of Norbord in a research report on Tuesday, April 24th. Finally, Bank of America raised their price objective on shares of Norbord from $34.00 to $35.00 and gave the company an “underperform” rating in a research report on Friday, May 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.43.
Get Norbord alerts:Shares of Norbord traded down $0.43, reaching $41.20, during trading on Thursday, Marketbeat.com reports. The stock had a trading volume of 2,459 shares, compared to its average volume of 92,438. Norbord has a 52 week low of $30.49 and a 52 week high of $45.45. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 1.01 and a beta of 2.56. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.51.
Norbord (NYSE:OSB) last released its quarterly earnings results on Thursday, May 3rd. The construction company reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.12). Norbord had a net margin of 21.08% and a return on equity of 45.94%. The firm had revenue of $576.00 million during the quarter. research analysts predict that Norbord will post 4.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 21st. Stockholders of record on Friday, June 1st were given a $0.4683 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Thursday, May 31st. Norbord’s dividend payout ratio is 41.20%.
About Norbord
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers 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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