Zacks Investment Research downgraded USG Corporation (NYSE:USG) to Sell in a report released today.
- Updated: October 2, 2016
Zacks Investment Research has downgraded USG Corporation (NYSE:USG) to Sell in a report released on 9/28/2016.
Previously on Friday September 23, 2016, Bank of America (Merrill Lynch) reported about USG Corporation (NYSE:USG) raised the target price from $0.00 to $36.00. At the time, this indicated a possible upside of 0.32%.
Yesterday USG Corporation (NYSE:USG) traded 0.43% higher at $25.85. The company’s 50-day moving average is $27.10 and its 200-day moving average is $27.17. The last stock close price is down -4.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,537,529 shares of the stock were exchanged, down from an average trading volume of 1,669,800
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USG Corporation has a 52 week low of $15.85 and a 52 week high of $30.84 with a P/E ratio of 3.71 The company’s market cap is currently $0.
Also covering USG Corporation's price target, a total of 16 analysts have released a report on USG Corporation. The 12-month price target is $29.42 with three analysts rating the company a strong buy, two analysts rating the company a buy, fifteen analysts rating the company a hold, one analyst rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For USG Corporation (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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