Norbord Inc (TSE:OSB) has earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$42.70.
Several brokerages have issued reports on OSB. Royal Bank of Canada cut Norbord from a “top pick” rating to an “outperform” rating and set a C$45.00 target price on the stock. in a research report on Monday, February 4th. CIBC raised their price objective on Norbord from C$29.00 to C$30.00 in a research note on Tuesday. Raymond James set a C$51.00 price objective on Norbord and gave the stock an “outperform” rating in a research note on Monday, February 4th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Norbord in a research note on Tuesday, October 23rd.
TSE:OSB traded down C$0.57 on Friday, hitting C$36.93. The stock had a trading volume of 190,300 shares, compared to its average volume of 371,408. The stock has a market capitalization of $3.21 billion and a price-to-earnings ratio of 8.65. The company has a debt-to-equity ratio of 66.83, a quick ratio of 0.76 and a current ratio of 1.40. Norbord has a 52-week low of C$31.87 and a 52-week high of C$58.92.
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, topping the consensus estimate of C$0.37 by C$0.03. The firm had revenue of C$662.21 million during the quarter, compared to analysts’ expectations of C$684.35 million. As a group, equities analysts forecast that Norbord will post 2.45000007186667 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Friday, March 1st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, February 28th. Norbord’s dividend payout ratio (DPR) is currently 113.62%.
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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