SunTrust Robinson Humphrey Maintains USG Corporation to Buy with Price Target $35.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on USG Corporation(NYSE:USG). In a research note issued to the investors, the brokerage major Raises the price-target to $35.00 per share. The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Aug 29, 2016.

In a different note, 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. On Jul 27, 2016, Jefferies said it Maintains its rating on USG Corporation. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Hold’ by the firm.

USG Corporation (USG) made into the market gainers list on Thursdays trading session with the shares advancing 0.22% or 0.06 points. Due to strong positive momentum, the stock ended at $27.49, which is also near the day’s high of $27.68. The stock began the session at $27.45 and the volume stood at 17,15,704 shares. The 52-week high of the shares is $31.14 and the 52 week low is $15.85. The company has a current market capitalization of $4,012 M and it has 14,59,54,190 shares in outstanding.

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 May 19, 2016, Dominic A Dannessa (Executive Vice Presidenet) sold 2,000 shares at $29.03 per share price.Also, On May 18, 2016, Mary A. Martin (Vice President) sold 5,000 shares at $28.20 per share price.On May 2, 2016, Jose Armario (director) purchased 992 shares at $28.11 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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