Norbord Inc. (NYSE:OSB) has been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Norbord’s rating score has declined by 100% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price objective of $31.92 for the company and are anticipating that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also given Norbord an industry rank of 111 out of 265 based on the ratings given to its competitors.
OSB has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Norbord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 28th. TheStreet upgraded shares of Norbord from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, BMO Capital Markets downgraded shares of Norbord from an “outperform” rating to a “market perform” rating and set a $26.00 target price for the company. in a research note on Monday, August 8th. They noted that the move was a valuation call.
Norbord (NYSE:OSB) traded up 1.07% during midday trading on Friday, hitting $26.33. The stock had a trading volume of 2,162 shares. The company’s 50 day moving average is $24.87 and its 200 day moving average is $22.36. The company has a market cap of $2.25 billion and a price-to-earnings ratio of 32.07. Norbord has a 1-year low of $15.12 and a 1-year high of $26.50.
Norbord (NYSE:OSB) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. On average, equities analysts anticipate that Norbord will post $1.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Thursday, September 1st were given a dividend of $0.0766 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.31 annualized dividend and a yield of 1.18%.
A number of large investors have recently modified their holdings of OSB. Emerald Acquisition Ltd. bought a new stake in shares of Norbord during the second quarter valued at about $170,000. Jane Street Group LLC increased its stake in shares of Norbord by 0.5% in the second quarter. Jane Street Group LLC now owns 14,910 shares of the company’s stock valued at $294,000 after buying an additional 73 shares during the period. Counsel Portfolio Services Inc. bought a new stake in shares of Norbord during the second quarter valued at about $292,000. AGF Investments Inc. increased its stake in shares of Norbord by 3,396.1% in the second quarter. AGF Investments Inc. now owns 16,012 shares of the company’s stock valued at $313,000 after buying an additional 15,554 shares during the period. Finally, Quadrature Capital Ltd increased its stake in shares of Norbord by 11.0% in the second quarter. Quadrature Capital Ltd now owns 20,420 shares of the company’s stock valued at $397,000 after buying an additional 2,020 shares during the period. Hedge funds and other institutional investors own 25.76% of the company’s stock.
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