Norbord Inc. (OSB.TO) (TSE:OSB) has received an average rating of "Hold" from the eight research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$53.81.
A number of equities research analysts have recently weighed in on OSB shares. Credit Suisse Group upgraded Norbord Inc. (OSB.TO) from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from C$38.00 to C$49.35 in a research report on Friday, November 20th. Raymond James cut shares of Norbord Inc. (OSB.TO) from a "strong-buy" rating to a "market perform" rating and cut their price target for the company from C$60.00 to C$50.00 in a report on Friday, November 20th. TD Securities upped their price objective on shares of Norbord Inc. (OSB.TO) from C$39.00 to C$40.00 and gave the stock a "buy" rating in a report on Friday, November 6th. CIBC raised their target price on shares of Norbord Inc. (OSB.TO) from C$59.00 to C$69.00 in a research report on Friday, December 18th. Finally, CSFB upgraded shares of Norbord Inc. (OSB.TO) from an "underperform" rating to a "neutral" rating and boosted their price target for the company from C$38.00 to C$49.35 in a research report on Friday, November 20th.
Shares of Norbord Inc. (OSB.TO) stock opened at C$51.34 on Thursday. The company's fifty day simple moving average is C$54.01 and its two-hundred day simple moving average is C$44.92. Norbord Inc. has a 12-month low of C$0.05 and a 12-month high of C$58.16. The firm has a market cap of C$4.14 billion and a PE ratio of 18.21. The company has a quick ratio of 1.49, a current ratio of 2.18 and a debt-to-equity ratio of 76.05.
Norbord Inc. (OSB.TO) (TSE:OSB) last posted its earnings results on Thursday, November 5th. The company reported C$3.36 earnings per share for the quarter, topping the Zacks' consensus estimate of C$2.92 by C$0.44. The firm had revenue of C$966.11 million for the quarter, compared to analysts' expectations of C$933.83 million. As a group, sell-side analysts expect that Norbord Inc. will post 4.7999999 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 21st. Shareholders of record on Tuesday, December 1st were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.67%. This is a boost from Norbord Inc. (OSB.TO)'s previous quarterly dividend of $0.30. The ex-dividend date was Monday, November 30th. Norbord Inc. (OSB.TO)'s dividend payout ratio (DPR) is presently 20.04%.
About Norbord Inc. (OSB.TO)
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, moldings, 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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