USG Corporation (USG) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 30 from a previous price target of $24 . Barclays advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on USG Corporation. Company shares were Upgraded by CL King on Apr 22, 2016 to ” Strong Buy”, Firm has raised the Price Target to $ 37 from a previous price target of $30 .Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 24 from a previous price target of $20 .USG Corporation was Downgraded by Credit Suisse to ” Underperform” on Jan 26, 2016.
On the company’s financial health, USG Corporation reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.26. The company had revenue of $970.00 million for the quarter, compared to analysts expectations of $928.16 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
USG Corporation opened for trading at $29.4 and hit $29.58 on the upside on Wednesday, eventually ending the session at $28.05, with a gain of 3.74% or 1.01 points. The heightened volatility saw the trading volume jump to 64,62,861 shares. Company has a market cap of $4,086 M.
In a different news, on Nov 20, 2015, Stanley L Ferguson (Executive Vice President) sold 3,000 shares at $25.00 per share price. According to the SEC, on Sep 10, 2015, Dominic A Dannessa (Senior Vice President) sold 2,500 shares at $30.72 per share price. On Aug 11, 2015, Jennifer F. Scanlon (Senior Vice President) sold 1,500 shares at $32.11 per share price, according to the Form-4 filing with the securities and exchange commission.
USG Corporation (USG) through its subsidiaries is a manufacturer and distributor of building materials. The Company produces a range of products for use in new residential new nonresidential and residential and nonresidential repair and remodel construction as well as products used in industrial processes. The Company operates in four segments: Gypsum Ceilings Distribution and USG Boral Building Products (UBBP). The Gypsum segment manufactures gypsum wallboard; the Ceilings segment manufactures and markets interior systems products; the Distribution segment consists of L&W Supply a distributor of gypsum wallboard and other building materials and the Company’s UBBP segment manufactures distributes and sells building products mines raw gypsum and sells natural and synthetic gypsum. The Company’s brands include DUROCK FIBEROCK LEVELROCK RED TOP IMPERIAL DIAMOND SUPREMO RADAR ECLIPSE MARS USG Boral Sheetrock and USG Boral NextGen among others.