USG Corporation (USG) is Initiated by Citigroup to Neutral

USG Corporation (USG) was Initiated by Citigroup to “Neutral”. Citigroup advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on USG Corporation. Company shares were Reiterated by Wedbush on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .

On the company’s financial health, USG Corporation reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.47. The company had revenue of $1002.00 million for the quarter, compared to analysts expectations of $1009.37 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

USG Corporation opened for trading at $27.98 and hit $28.6292 on the upside on Tuesday, eventually ending the session at $28.39, with a gain of 1.76% or 0.49 points. The heightened volatility saw the trading volume jump to 8,97,790 shares. Company has a market cap of $4,144 M.

In a different news, on May 19, 2016, Dominic A Dannessa (Executive Vice Presidenet) sold 2,000 shares at $29.03 per share price. According to the SEC, on May 18, 2016, Mary A. Martin (Vice President) sold 5,000 shares at $28.20 per share price. On May 2, 2016, Jose Armario (director) purchased 992 shares at $28.11 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.

USG Corporation

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