Norbord Inc (TSE:OSB) Given Consensus Rating of “Buy” by Analysts

Shares of Norbord Inc (TSE:OSB) have been given a consensus recommendation of “Buy” by the four research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$38.50.

A number of brokerages have recently weighed in on OSB. Royal Bank of Canada upped their target price on Norbord from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. CIBC upped their target price on Norbord from C$37.00 to C$38.00 in a research report on Friday, November 1st. Finally, Raymond James reaffirmed a “strong-buy” rating and set a C$43.00 target price on shares of Norbord in a research report on Friday, November 1st.

Shares of TSE:OSB traded down C$0.10 during trading on Wednesday, reaching C$35.37. 326,997 shares of the stock were exchanged, compared to its average volume of 322,021. The company has a debt-to-equity ratio of 99.14, a current ratio of 1.80 and a quick ratio of 0.83. Norbord has a 1-year low of C$26.31 and a 1-year high of C$39.96. The stock has a fifty day moving average of C$36.76 and a two-hundred day moving average of C$32.04. The firm has a market cap of $2.90 billion and a price-to-earnings ratio of -50.46.

Norbord (TSE:OSB) last issued its earnings results on Thursday, October 31st. The company reported C($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.09) by C($0.06). The firm had revenue of C$574.30 million during the quarter, compared to the consensus estimate of C$604.38 million. Sell-side analysts forecast that Norbord will post 1.9199999 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 23rd will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, November 28th. This represents a $0.80 annualized dividend and a yield of 2.26%. Norbord’s dividend payout ratio (DPR) is currently -192.74%.

About Norbord

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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