NYSE:OSBNorbord Stock Price, Forecast & News

Norbord's stock was trading at $19.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, OSB stock has increased by 73.5% and is now trading at $33.02.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Norbord in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Norbord is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
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Norbord Inc (NYSE:OSB) posted its earnings results on Wednesday, May, 6th. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.02. The construction company had revenue of $467 million for the quarter, compared to analysts' expectations of $436.57 million. Norbord had a negative net margin of 1.34% and a negative return on equity of 0.99%. The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business earned ($0.02) earnings per share.
View Norbord's earnings history.

Norbord announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.036 per share on Monday, June 22nd. This represents a $0.14 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, May 29th.
View Norbord's dividend history.

7 brokers have issued 12-month target prices for Norbord's stock. Their forecasts range from $22.00 to $54.00. On average, they anticipate Norbord's share price to reach $40.67 in the next year. This suggests a possible upside of 23.2% from the stock's current price.
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News headlines about OSB stock have trended negative on Monday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Norbord earned a news sentiment score of -2.9 on InfoTrie's scale. They also gave media stories about the construction company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.
View the latest news about Norbord.

Norbord saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,250,000 shares, an increase of 15.7% from the June 30th total of 1,080,000 shares. Based on an average trading volume of 262,300 shares, the short-interest ratio is presently 4.8 days. Approximately 1.6% of the company's stock are short sold.
View Norbord's Current Options Chain.

Some companies that are related to Norbord include RPM International (RPM), Lennox International (LII), PERSIMMON/ADR (PSMMY), Spirax-Sarco Engineering (SPXSF), Atlas Copco (ALFVY), ANHUI CONCH CEM/ADR (AHCHY), CHINA COMMUNICA/ADR (CCCGY), James Hardie Industries (JHX), Watsco (WSO), Watsco (WSO.B), Trex (TREX), Floor & Decor (FND), Owens Corning (OC), Thor Industries (THO) and Howmet Aerospace (HWM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Norbord investors own include ZEN Graphene Solutions (ZENYF), Verizon Communications (VZ), AbbVie (ABBV), Micron Technology (MU), AT&T (T), ZEN Graphene Solutions (ZEN), Alibaba Group (BABA), Intel (INTC), Wells Fargo & Co (WFC) and Bank of America (BAC).

Norbord trades on the New York Stock Exchange (NYSE) under the ticker symbol "OSB."

Norbord's stock is owned by many different institutional and retail investors. Top institutional investors include Intact Investment Management Inc. (0.34%), Assenagon Asset Management S.A. (0.13%), CIBC Asset Management Inc (0.04%), Institute for Wealth Management LLC. (0.01%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%) and UBS Group AG (0.01%).

OSB stock was sold by a variety of institutional investors in the last quarter, including Intact Investment Management Inc., and UBS Group AG.

OSB stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Institute for Wealth Management LLC., Zurcher Kantonalbank Zurich Cantonalbank , and CIBC Asset Management Inc.

Shares of OSB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of OSB stock can currently be purchased for approximately $33.02.

Norbord has a market capitalization of $2.69 billion and generates $1.73 billion in revenue each year. The construction company earns $-42,000,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. Norbord employs 2,400 workers across the globe.

The official website for Norbord is www.norbord.com.

Norbord's mailing address is 1 TORONTO STREET SUITE 600, TORONTO A6, M5C2W4. The construction company can be reached via phone at 416-365-0705.