Bank of America Initiates Coverage on USG Corporation to Buy

Bank of America Initiates Coverage on USG Corporation(NYSE:USG). The shares have been rated Buy. The rating by Bank of America was issued on Sep 23, 2016.

In a different note, On Sep 22, 2016, Jefferies said it Maintains its rating on USG Corporation. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Hold’ by the firm. On Sep 19, 2016, Vertical Research said it Upgrades its rating on USG Corporation. The shares have been rated ‘Buy’ by the firm. On Sep 13, 2016, RBC Capital said it Upgrades its rating on USG Corporation. The shares have been rated ‘Outperform’ by the firm. On Aug 31, 2016, Northcoast Research said it Downgrades its rating on USG Corporation. The shares have been rated ‘Neutral’ by the firm. On Aug 29, 2016, SunTrust Robinson Humphrey said it Maintains its rating on USG Corporation. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm. Citigroup said it Initiates Coverage on USG Corporation, according to a research note issued on Aug 26, 2016. The shares have been rated ‘Neutral’ by the firm.

USG Corporation (USG) shares turned negative on Tuesdays trading session with the shares closing down -0.54 points or -2.03% at a volume of 19,72,313. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.74. The peak price level was also seen at $26.74 while the days lowest was $25.94. Finally the shares closed at $26. The 52-week high of the shares is $30.84 while the 52-week low is $15.85. According to the latest information available, the market cap of the company is $3,795 M.

USG Corporation(USG) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.00B. Analysts had an estimated revenue of $1.01B. Earnings per share were $0.46. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Jennifer F. Scanlon (Executive Vice President) sold 9,260 shares at $27.13 per share price.Also, On Sep 6, 2016, Kenneth R. Banas (Vice President) sold 1,715 shares at $28.00 per share price.On May 19, 2016, Dominic A Dannessa (Executive Vice Presidenet) sold 2,000 shares at $29.03 per share price, according to the Form-4 filing with the securities and exchange commission.

USG Corporation (USG) through its subsidiaries 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 industrial processes. The Company operates in four segments: Gypsum Ceilings Distribution and USG Boral Building Products (UBBP). The Gypsum segment manufactures gypsum wallboard; the Ceilings segment manufactures and markets interior systems products; the Distribution segment consists of L&W Supply a distributor of gypsum wallboard and other building materials and the Company’s UBBP segment manufactures distributes and sells building products mines raw gypsum and sells natural and synthetic gypsum. The Company’s brands include DUROCK FIBEROCK LEVELROCK RED TOP IMPERIAL DIAMOND SUPREMO RADAR ECLIPSE MARS USG Boral Sheetrock and USG Boral NextGen among others.

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