According to Zacks, “Norbord Inc. is a producer of wood-based panels. It operates primarily in the United States, Europe and Canada. Norbord Inc. is headquartered in Toronto, Canada. “
A number of other research analysts have also recently commented on the company. ValuEngine cut Norbord from a “sell” rating to a “strong sell” rating in a research report on Thursday. TD Securities raised their price target on Norbord from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. Royal Bank of Canada cut Norbord from a “top pick” rating to an “outperform” rating in a research report on Monday, February 4th. Raymond James cut Norbord from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, January 22nd. Finally, CIBC cut Norbord from a “neutral” rating to a “sector underperform” rating in a research report on Monday, January 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Norbord has an average rating of “Hold” and an average price target of $37.29.
Shares of NYSE OSB opened at $24.86 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.80 and a debt-to-equity ratio of 0.67. Norbord has a 52 week low of $24.18 and a 52 week high of $45.45. The firm has a market capitalization of $2.03 billion, a P/E ratio of 5.27, a P/E/G ratio of 2.01 and a beta of 1.81.
Norbord (NYSE:OSB) last issued its quarterly earnings results on Friday, February 1st. The construction company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. Norbord had a return on equity of 39.63% and a net margin of 15.31%. The company had revenue of $501.00 million for the quarter, compared to analysts’ expectations of $511.00 million. During the same quarter last year, the business earned $1.41 earnings per share. As a group, equities analysts anticipate that Norbord will post 2.05 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in OSB. IFP Advisors Inc grew its position in Norbord by 834.0% in the fourth quarter. IFP Advisors Inc now owns 934 shares of the construction company’s stock valued at $25,000 after acquiring an additional 834 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in Norbord in the fourth quarter valued at about $37,000. Truvestments Capital LLC bought a new position in Norbord in the first quarter valued at about $45,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Norbord by 33.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,896 shares of the construction company’s stock valued at $77,000 after acquiring an additional 721 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Norbord by 201.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,482 shares of the construction company’s stock valued at $93,000 after acquiring an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.
Norbord Company Profile
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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