News articles about Norbord (NYSE:OSB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Norbord earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.8183966668691 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms have recently weighed in on OSB. Zacks Investment Research upgraded shares of Norbord from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Scotiabank restated a “buy” rating and set a $55.00 price objective on shares of Norbord in a research report on Tuesday, November 14th. TD Securities lowered their price objective on shares of Norbord from $43.00 to $39.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Bank of America set a $31.00 price objective on shares of Norbord and gave the company a “sell” rating in a research report on Wednesday, January 24th. Finally, ValuEngine upgraded shares of Norbord from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Norbord has a consensus rating of “Hold” and a consensus price target of $40.00.
Norbord (NYSE:OSB) opened at $35.91 on Wednesday. The company has a market cap of $3,185.64, a price-to-earnings ratio of 7.15, a P/E/G ratio of 1.18 and a beta of 3.38. Norbord has a 52-week low of $27.00 and a 52-week high of $41.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.83 and a quick ratio of 1.20.
Norbord (NYSE:OSB) last issued its earnings results on Friday, February 2nd. The construction company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. Norbord had a net margin of 20.03% and a return on equity of 45.78%. The company had revenue of $596.00 million for the quarter. analysts forecast that Norbord will post 3.63 earnings per share for the current year.
Norbord declared that its board has initiated a share repurchase plan on Friday, October 27th that permits the company to repurchase 5,140,000 outstanding shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Thursday, March 1st will be given a $0.4862 dividend. This is a boost from Norbord’s previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, February 28th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.42%. Norbord’s payout ratio is presently 37.45%.
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers 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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