BMO Capital Markets Reiterates Outperform Rating for Norbord (TSE:OSB)

Norbord (TSE:OSB)‘s stock had its “outperform” rating reiterated by BMO Capital Markets in a research report issued on Monday, BayStreet.CA reports. They presently have a C$28.00 price objective on the stock. BMO Capital Markets’ price objective suggests a potential downside of 12.25% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada dropped their target price on Norbord from C$45.00 to C$42.00 in a research report on Friday, April 5th. CIBC raised Norbord from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from C$30.00 to C$32.00 in a research report on Tuesday, May 7th. Finally, Raymond James reissued an “outperform” rating and issued a C$45.00 price objective on shares of Norbord in a research report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$36.50.

Shares of TSE OSB opened at C$31.91 on Monday. The business has a 50 day simple moving average of C$30.05. The stock has a market capitalization of $2.61 billion and a P/E ratio of 9.88. Norbord has a fifty-two week low of C$26.31 and a fifty-two week high of C$57.29. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.82 and a current ratio of 1.80.

Norbord (TSE:OSB) last released its quarterly earnings data on Thursday, May 2nd. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.07). The business had revenue of C$632.87 million during the quarter, compared to the consensus estimate of C$621.00 million. Research analysts expect that Norbord will post 2.3099999 EPS for the current year.

Norbord Company Profile

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, mouldings, 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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Analyst Recommendations for Norbord (TSE:OSB)

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