Norbord Inc. (OSB.TO) (TSE:OSB) Reaches New 1-Year Low at $0.05


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Norbord Inc. (OSB.TO) (TSE:OSB) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 149459 shares. The stock had previously closed at C$51.88.

A number of analysts have issued reports on the company. Credit Suisse Group raised Norbord Inc. (OSB.TO) from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from C$38.00 to C$49.35 in a report on Friday, November 20th. Royal Bank of Canada boosted their price target on Norbord Inc. (OSB.TO) from C$57.00 to C$60.00 in a research report on Friday, November 6th. TD Securities boosted their price target on Norbord Inc. (OSB.TO) from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Friday, November 6th. CSFB upgraded Norbord Inc. (OSB.TO) from an “underperform” rating to a “neutral” rating and boosted their price target for the company from C$38.00 to C$49.35 in a research report on Friday, November 20th. Finally, Scotiabank boosted their price target on Norbord Inc. (OSB.TO) from C$56.00 to C$59.00 in a research report on Thursday, November 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$53.81.

The company has a debt-to-equity ratio of 76.05, a quick ratio of 1.49 and a current ratio of 2.18. The company has a 50-day simple moving average of C$53.97 and a 200-day simple moving average of C$44.81. The company has a market cap of C$4.14 billion and a price-to-earnings ratio of 18.40.

Norbord Inc. (OSB.TO) (TSE:OSB) last released its earnings results on Thursday, November 5th. The company reported C$3.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.92 by C$0.44. The business had revenue of C$966.11 million for the quarter, compared to analyst estimates of C$933.83 million. As a group, equities research analysts forecast that Norbord Inc. will post 4.7999999 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 21st. Stockholders of record on Tuesday, December 1st were paid a dividend of $0.60 per share. This is a positive change from Norbord Inc. (OSB.TO)’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 4.67%. Norbord Inc. (OSB.TO)’s payout ratio is 20.04%.

About Norbord Inc. (OSB.TO) (TSE:OSB)

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, moldings, 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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