Market Runner: Is Buying Stock Like USG Corporation After Such Increase Winning Strategy?

Market Runner: Is Buying Stock Like USG Corporation After Such Increase Winning Strategy?

The stock of USG Corporation (NYSE:USG) is a huge mover today! About 698,355 shares traded hands. USG Corporation (NYSE:USG) has risen 2.49% since April 11, 2016 and is uptrending. It has underperformed by 3.66% the S&P500.
The move comes after 8 months positive chart setup for the $4.11B company. It was reported on Nov, 11 by We have $36.26 PT which if reached, will make NYSE:USG worth $1.44 billion more.

USG Corporation (NYSE:USG) Ratings Coverage

Out of 13 analysts covering USG Corporation (NYSE:USG), 5 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 38% are positive. USG Corporation has been the topic of 23 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of USG Corporation (NYSE:USG) has “Neutral” rating given on Thursday, October 8 by Goldman Sachs. The firm has “Neutral” rating by Citigroup given on Friday, August 26. The firm has “Outperform” rating given on Tuesday, September 13 by RBC Capital Markets. On Thursday, October 27 the stock rating was maintained by Wedbush with “Neutral”. Bank of America initiated it with “Buy” rating and $36 target price in Friday, September 23 report. The firm has “Neutral” rating given on Wednesday, July 6 by Wedbush. Northcoast downgraded the shares of USG in a report on Wednesday, August 31 to “Neutral” rating. Jefferies maintained it with “Hold” rating and $29 target price in Thursday, September 22 report. Credit Suisse downgraded USG Corporation (NYSE:USG) on Tuesday, January 26 to “Underperform” rating. On Wednesday, November 18 the stock rating was upgraded by Northcoast to “Buy”.

According to Zacks Investment Research, “USG Corp., through its subsidiaries, is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential, new nonresidential and repair and remodel construction, as well as products used in certain industrial processes. USG’s operations are organized into three operating segments: North American Gypsum, Worldwide Ceilings and Building Products Distribution.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.07, from 1 in 2016Q1. The ratio dived, as 29 funds sold all USG Corporation shares owned while 85 reduced positions. 46 funds bought stakes while 60 increased positions. They now own 117.13 million shares or 1.67% less from 119.12 million shares in 2016Q1.
Salient Commerce Lta accumulated 0.08% or 28,300 shares. Deere & has invested 0.06% of its portfolio in USG Corporation (NYSE:USG). Alps Advsr Inc accumulated 0% or 18,572 shares. Bokf Na owns 28,329 shares or 0.03% of their US portfolio. Engineers Gate Manager Limited Partnership has 171,002 shares for 0.33% of their US portfolio. State Bank Of New York Mellon last reported 0% of its portfolio in the stock. Swiss Bank, a Switzerland-based fund reported 157,900 shares. Moreover, Cap has 0.01% invested in USG Corporation (NYSE:USG) for 689,912 shares. Renaissance Techs Ltd holds 116,100 shares or 0.01% of its portfolio. Huntington Natl Bank reported 300 shares or 0% of all its holdings. Utah Retirement, a Utah-based fund reported 15,800 shares. The Minnesota-based Punch & Invest Mngmt has invested 0.33% in USG Corporation (NYSE:USG). Panagora Asset holds 0.01% or 63,156 shares in its portfolio. State Board Of Administration Of Florida Retirement System last reported 0.01% of its portfolio in the stock. First Allied Advisory accumulated 0.02% or 13,728 shares.

More important recent USG Corporation (NYSE:USG) news were published by: which released: “EY and USG Corporation Recognized for Exemplary Corporate Diversity and …” on November 10, 2016, also published article titled: “USG Corporation Recognized as One of Canada’s Safest Companies”, published: “USG Corporation Completes $670 Million Sale of L&W Supply to ABC Supply” on October 31, 2016. More interesting news about USG Corporation (NYSE:USG) was released by: and their article: “National Safety Council presents USG Corporation with the 2016 Robert W …” with publication date: October 17, 2016.

USG Company Profile

USG Corporation, incorporated on October 22, 1984, is a maker and distributor of building materials. The Firm 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 certain industrial processes. The Company’s products are distributed through building materials dealers, home improvement centers and other retailers, specialty wallboard distributors, and contractors. The Company’s divisions include Gypsum, Ceilings, Distribution, and USG Boral Building Products.

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