Raymond James Trims Norbord (TSE:OSB) Target Price to C$41.00

Norbord (TSE:OSB) had its target price trimmed by Raymond James from C$45.00 to C$41.00 in a research report released on Tuesday, BayStreet.CA reports. Raymond James also issued estimates for Norbord’s Q2 2019 earnings at ($0.16) EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $1.51 EPS, FY2019 earnings at $1.99 EPS and FY2020 earnings at $3.13 EPS.

A number of other research analysts have also weighed in on OSB. CIBC upped their price objective on Norbord from C$31.00 to C$35.00 in a report on Friday, July 5th. Royal Bank of Canada reiterated a sector perform rating and set a GBX 485 ($6.34) target price on shares of in a research report on Tuesday, July 9th. Finally, BMO Capital Markets upgraded Bank of America from a market perform rating to an outperform rating and set a $37.00 target price on the stock in a research report on Monday, June 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$36.00.

Shares of OSB stock opened at C$30.87 on Tuesday. The business’s fifty day simple moving average is C$30.41. Norbord has a 1-year low of C$26.31 and a 1-year high of C$57.29. The firm has a market capitalization of $2.51 billion and a price-to-earnings ratio of 9.55. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.80 and a quick ratio of 0.82.

Norbord (TSE:OSB) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.07). The company had revenue of C$632.87 million during the quarter, compared to analysts’ expectations of C$621.00 million. On average, equities research analysts anticipate that Norbord will post 2.1600002 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Saturday, June 1st were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.18%. Norbord’s payout ratio is 145.04%.

About Norbord

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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