USG (USG) Upgraded to Overweight by JPMorgan Chase & Co.
USG (NYSE:USG) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Friday, January 5th. The brokerage currently has a $38.00 target price on the construction company’s stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 3.33% from the company’s current price.
Several other equities research analysts also recently weighed in on USG. SunTrust Banks downgraded USG from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Monday, October 2nd. They noted that the move was a valuation call. Bank of America downgraded USG from a “neutral” rating to an “underperform” rating in a report on Friday, October 27th. ValuEngine raised USG from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Citigroup increased their price target on USG from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Nomura increased their price target on USG from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, September 11th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.86.
Shares of USG (NYSE USG) traded down $0.82 during midday trading on Friday, hitting $39.31. The company had a trading volume of 929,214 shares, compared to its average volume of 1,340,000. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 0.54. USG has a 52-week low of $25.60 and a 52-week high of $41.18. The firm has a market capitalization of $5,560.00, a P/E ratio of 29.56, a PEG ratio of 1.50 and a beta of 1.21.
Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of USG in the fourth quarter valued at $196,000. SG Americas Securities LLC purchased a new position in shares of USG in the third quarter valued at $170,000. Creative Planning purchased a new position in shares of USG in the fourth quarter valued at $235,000. Fox Run Management L.L.C. purchased a new position in shares of USG in the fourth quarter valued at $304,000. Finally, Beck Capital Management LLC purchased a new position in shares of USG in the third quarter valued at $327,000. Institutional investors and hedge funds own 85.51% of the company’s stock.
USG Company Profile
USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. The Company’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). It 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 certain industrial processes.
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