USG (USG) Reaches New 52-Week High and Low Following Analyst Upgrade

USG Co. (NYSE:USG) shares reached a new 52-week high and low during trading on Tuesday after SunTrust Banks raised their price target on the stock from $42.00 to $44.00. SunTrust Banks currently has a hold rating on the stock. USG traded as low as $41.50 and last traded at $41.28, with a volume of 1092691 shares changing hands. The stock had previously closed at $41.02.

USG has been the topic of a number of other research reports. Credit Suisse Group reiterated an “underperform” rating and issued a $36.00 price objective (up previously from $26.00) on shares of USG in a report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research raised USG from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Saturday, January 6th. Buckingham Research raised their price target on USG from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Monday. Citigroup raised their price target on USG from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Finally, Raymond James Financial assumed coverage on USG in a report on Tuesday, March 13th. They issued an “outperform” rating and a $40.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. USG has an average rating of “Hold” and a consensus target price of $39.00.

How to Become a New Pot Stock Millionaire

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new position in USG in the 4th quarter valued at approximately $160,000. State of Alaska Department of Revenue purchased a new position in USG in the 4th quarter valued at approximately $196,000. SG Americas Securities LLC purchased a new position in USG in the 3rd quarter valued at approximately $170,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in USG by 45.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock valued at $206,000 after purchasing an additional 1,681 shares in the last quarter. Finally, Creative Planning purchased a new position in USG in the 4th quarter valued at approximately $235,000. 82.14% of the stock is owned by hedge funds and other institutional investors.

The company has a market cap of $5,750.87, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.39 and a quick ratio of 1.78.

USG (NYSE:USG) last released its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14. The firm had revenue of $831.00 million during the quarter, compared to the consensus estimate of $757.57 million. USG had a return on equity of 13.59% and a net margin of 2.96%. USG’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. analysts predict that USG Co. will post 2.23 EPS for the current year.

USG declared that its board has authorized a stock repurchase program on Thursday, February 1st that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: “USG (USG) Reaches New 52-Week High and Low Following Analyst Upgrade” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at

About USG

USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. The Company’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). It produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes.

Receive News & Ratings for USG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USG and related companies with's FREE daily email newsletter.

Leave a Reply