Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Norbord Inc.    OSB   CA65548P4033

NORBORD INC.

(OSB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Norbord Inc. : Close to a key resistance level

11/23/2020 | 02:52am EST
long trade
Target price hit
Entry price : 47.58CAD | Target : 53CAD | Stop-loss : 43CAD | Potential : 11.39%
Norbord Inc. shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential.
Investors have an opportunity to buy the stock and target the CAD 53.
Norbord Inc. : Norbord Inc. : Close to a key resistance level
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • Its low valuation, with P/E ratio at 9.08 and 12.03 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For the past twelve months, EPS forecast has been revised upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • The stock is in a well-established, long-term rising trend above the technical support level at 26.63 CAD

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • Technically, the stock approaches a strong medium-term resistance at CAD 48.3.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • For the past seven days, analysts have been lowering their EPS expectations for the company.

© MarketScreener.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2020 2 339 M - -
Net income 2020 400 M - -
Net Debt 2020 138 M - -
P/E ratio 2020 8,14x
Yield 2020 2,96%
Capitalization 3 263 M 3 261 M -
EV / Sales 2020 1,45x
EV / Sales 2021 1,31x
Nbr of Employees 2 400
Free-Float 56,5%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 42,32 $
Last Close Price 40,43 $
Spread / Highest target 44,4%
Spread / Average Target 4,67%
Spread / Lowest Target -31,9%
EPS Revisions
Managers and Directors
NameTitle
Peter C. Wijnbergen President, Chief Executive Officer & Director
J. Peter Gordon Chairman
Robin E. Lampard Chief Financial Officer & Senior Vice President
Jack Lynn Cockwell Director
Paul Ernest Gagné Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
NORBORD INC.-6.19%3 261
LOUISIANA-PACIFIC CORPORATION2.13%4 150
DURATEX S.A.3.13%2 591
STELLA-JONES INC.-0.32%2 416
CORTICEIRA AMORIM, SGPS, S.A.-2.76%1 812
STEICO SE12.79%1 140