Norbord Inc (TSE:NBD) – Research analysts at Raymond James lowered their FY2016 earnings estimates for shares of Norbord in a report released on Friday, according to Zacks Investment Research. Raymond James analyst D. Swetlishoff now anticipates that the brokerage will post earnings per share of $2.06 for the year, down from their previous forecast of $2.20. Raymond James also issued estimates for Norbord’s Q4 2016 earnings at $0.25 EPS and FY2017 earnings at $2.48 EPS.

Other analysts also recently issued reports about the company. RBC Capital lifted their price target on Norbord from C$32.00 to C$38.00 and gave the stock a “top pick” rating in a report on Wednesday, November 11th. TD Securities lifted their price target on Norbord from C$27.00 to C$28.00 and gave the stock a “hold” rating in a report on Monday, November 2nd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$32.05.

Norbord (TSE:NBD) traded down 4.23% during mid-day trading on Monday, reaching $22.89. The company had a trading volume of 134,542 shares. Norbord has a 12 month low of $18.64 and a 12 month high of $29.23. The company’s market capitalization is $1.95 billion. The firm’s 50 day moving average price is $25.40 and its 200-day moving average price is $24.38.

Norbord Inc is a Canada-based forest products company. The Company manufactures and markets a range of building material and paper products in North America and Europe. The Company produces wood-based panels; oriented strand board (TSE:NBD) in the United States, Canada and Europe, and medium-density fiberboard (MDF), particleboard and furniture in Europe. The Company offers roof sheathing under the Solarbord and Trubord brands; wall sheathing under the Tallwall, Windstorm and Trubord brands, and sub-floor and stairs under brands, such as Pinnacle, TruFlor, pointSIX, Durastrand, Stabledge, Rimboard and SteadiTred in North America. In Europe, it offers OSB, including SterlingOSB2, SterlingOSB3, Sterling Roofdek, Sterling Sitecoat and Sterling Fire Solutions; MDF, such as Caberwood MDF, Caberwood MDF Trade and Caberwood MDF Industrial; chipboard, such as Caberdek, Caberfloor P5, Cabershield and ContiBoard, and floor fixings, such as Caberfix Pro Kit, Caberfix D4 and Caberfic Tape.

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