Norbord Inc Receives a Hold from BMO Capital

By Austin Angelo

In a report released today, Mark Wilde from BMO Capital reiterated a Hold rating on Norbord Inc (NYSE: OSB), with a price target of $28. The company’s shares opened today at $29.71.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 12.3% and a 76.7% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, International Paper Co, and Graphic Packaging.

Norbord Inc has an analyst consensus of Moderate Buy, with a price target consensus of $28.

Based on Norbord Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $482 million and quarterly net profit of $61 million. In comparison, last year the company earned revenue of $384 million and had a net profit of $23 million.

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Norbord, Inc. engages in the business of producing wood-based panels. Its products include sub floors, wall sheathing, roof sheathing and industrial. The company was founded in 1987 and is headquartered in Toronto, Canada.