Raymond James Analysts Give Norbord (OSB) a C$51.00 Price Target

Norbord (TSE:OSB) received a C$51.00 price target from investment analysts at Raymond James in a research note issued on Monday, February 4th. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 34.18% from the stock’s current price.

OSB has been the topic of a number of other reports. Royal Bank of Canada dropped their price target on shares of Norbord from C$55.00 to C$45.00 in a research note on Tuesday, January 8th. CIBC dropped their price target on shares of Norbord from C$41.00 to C$40.00 in a research note on Tuesday, November 6th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Norbord in a research note on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Norbord presently has an average rating of “Buy” and an average price target of C$45.38.

TSE:OSB traded up C$1.08 during trading hours on Monday, hitting C$38.01. 245,553 shares of the stock traded hands, compared to its average volume of 367,169. The company has a quick ratio of 0.76, a current ratio of 1.40 and a debt-to-equity ratio of 66.83. Norbord has a fifty-two week low of C$31.87 and a fifty-two week high of C$58.92. The company has a market cap of $3.21 billion and a P/E ratio of 8.91.

Norbord (TSE:OSB) last announced its earnings results on Friday, February 1st. The company reported C$0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.37 by C$0.03. The firm had revenue of C$662.21 million for the quarter, compared to analyst estimates of C$684.35 million. Equities research analysts anticipate that Norbord will post 2.45000007186667 earnings per share for the current year.

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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Analyst Recommendations for Norbord (TSE:OSB)

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