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BofA Merrill announced USG (NYSE:USG), bumping up its stock price target to $36.00 today

In a report released on Friday September 23, 2016 BofA Merrill increased the stock price target of USG (NYSE:USG) to $36.00 reporting a possible upside of 0.37%.

Just yesterday USG (NYSE:USG) traded 3.74% higher at $26.22. USG’s 50-day moving average is $27.38 and its 200-day moving average is $26.99. The last closing price is down 0.78% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,252,196 shares of USG traded hands, down from an average trading volume of 1,617,270

Recent Performance Chart


USG has 52 week low of $15.85 and a 52 week high of $30.84 with a PE ratio of 3.90 and has a market capitalization of $0.

In addition to BofA Merrill reporting its target price, a total of 16 brokerages have issued a ratings update on USG. The one year target is $29.42 with three analysts rating the company a strong buy, two brokers rating the stock a buy, 15 firms rating the stock a hold, one brokerage rating the stock a underperform, and finally 0 analysts rating the company a sell.

More About USG (NYSE:USG)

USG Corporation is a manufacturer and distributor of building materials. The Company 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. The Company's segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products. Its Gypsum segment products include walls, ceilings, roofs and floors of residential, commercial and institutional buildings. Its Ceilings segment is a supplier of interior ceilings products. Its products include ceiling tile and ceiling grid. Its Distribution segment consists of L&W Supply Corporation is a distributor of gypsum wallboard and other building materials. USG Boral Building Products segment manufactures and distributes products for wall, ceiling, floor lining and exterior systems that utilize gypsum wallboard.

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