Alert: Negative Investment/Fundamental Signals (11/8/19)-Norbord Inc (NYSE: OSB)


Recent important negative changes in fundamentals have affected Norbord Inc (NYSE: OSB): the consensus estimate for December, 2019 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2020 decreased significantly.

Norbord Inc (NYSE: OSB). Important negative changes in investment behavior have recently occurred: its longer term price trend turned down.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

OSB is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Norbord has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Norbord has a slightly positive Appreciation Score of 66 but a poor Power Rating of 29, triggering the Low Neutral Value Trend Rating.

Recent Price Action

Norbord Inc (NYSE: OSB) stock closed at $28.12 on 11/8/19 after a decline of -1.7%. However, unusually low trading volume at 66% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -2.6% during the last week.

About John Lafferty 77149 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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