The USG Corp. (USG) Receives Sell Rating from Goldman Sachs Group Inc.

The USG Corp. (USG) Receives Sell Rating from Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reaffirmed their sell rating on shares of USG Corp. (NYSE:USG) in a report published on Tuesday. They currently have a $24.00 price objective on the stock.

Several other brokerages have also commented on USG. Citigroup Inc. began coverage on shares of USG Corp. in a report on Friday, August 26th. They issued a neutral rating and a $32.00 price objective for the company. Zacks Investment Research lowered shares of USG Corp. from a hold rating to a sell rating in a report on Wednesday, September 28th. Bank of America Corp. began coverage on shares of USG Corp. in a report on Friday, September 23rd. They issued a buy rating and a $36.00 price objective for the company. RBC Capital Markets upgraded shares of USG Corp. from a sector perform rating to an outperform rating and set a $34.00 price objective for the company in a report on Tuesday, September 13th. Finally, Jefferies Group restated a hold rating and issued a $33.00 price objective on shares of USG Corp. in a report on Tuesday, August 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $32.43.

USG Corp. (NYSE:USG) opened at 28.16 on Tuesday. The company’s 50-day moving average is $26.23 and its 200 day moving average is $27.29. USG Corp. has a 12-month low of $15.85 and a 12-month high of $30.84. The stock has a market capitalization of $4.11 billion, a PE ratio of 4.09 and a beta of 1.43.

USG Corp. (NYSE:USG) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business earned $767 million during the quarter, compared to analysts’ expectations of $1.02 billion. USG Corp. had a net margin of 27.70% and a return on equity of 17.04%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. On average, equities research analysts expect that USG Corp. will post $1.71 earnings per share for the current fiscal year.

In related news, VP Kenneth R. Banas sold 11,557 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $28.04, for a total value of $324,058.28. Following the completion of the transaction, the vice president now directly owns 15,356 shares in the company, valued at approximately $430,582.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman James S. Metcalf sold 15,577 shares of the stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $26.00, for a total transaction of $405,002.00. Following the completion of the transaction, the chairman now owns 319,750 shares of the company’s stock, valued at $8,313,500. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of USG Corp. by 5.0% in the first quarter. Geode Capital Management LLC now owns 534,379 shares of the company’s stock valued at $13,257,000 after buying an additional 25,613 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of USG Corp. during the first quarter valued at about $1,857,000. LPL Financial LLC raised its position in shares of USG Corp. by 2.8% in the first quarter. LPL Financial LLC now owns 92,878 shares of the company’s stock valued at $2,314,000 after buying an additional 2,534 shares during the last quarter. BlueMountain Capital Management LLC raised its position in shares of USG Corp. by 2,869.7% in the first quarter. BlueMountain Capital Management LLC now owns 323,547 shares of the company’s stock valued at $8,027,000 after buying an additional 312,652 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of USG Corp. by 20.4% in the second quarter. BNP Paribas Arbitrage SA now owns 242,794 shares of the company’s stock valued at $6,546,000 after buying an additional 41,155 shares during the last quarter. Institutional investors own 81.94% of the company’s stock.

USG Corp. Company Profile

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