According to The Fly, rBC Capital analyst Paul Quinn reiterated a Buy rating on Norbord Inc (NYSE: OSB) yesterday. The company’s shares opened today at $26.06, close to its 52-week low of $24.65.
According to TipRanks.com, Quinn is a top 100 analyst with an average return of 18.0% and a 67.8% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Clearwater Paper, and Resolute Forest.
The the analyst consensus on Norbord Inc is currently a Moderate Buy rating.
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Based on Norbord Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $174 million. In comparison, last year the company had a net profit of $130 million.
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Norbord, Inc. engages in the manufacturing, sales, marketing and distribution of panelboards and related products. Its products are used in the construction of new homes or in the renovation and repair of existing structures. The company was founded in 1987 and is headquartered in Toronto, Canada.
