Zacks Investment Research upgraded shares of LSC Communications (NYSE:LKSD) from a strong sell rating to a hold rating in a report released on Tuesday morning.
According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “
Other analysts also recently issued reports about the company. Buckingham Research started coverage on LSC Communications in a report on Monday, June 25th. They issued a buy rating and a $22.00 price target for the company. ValuEngine downgraded LSC Communications from a sell rating to a strong sell rating in a report on Tuesday, October 2nd. JPMorgan Chase & Co. downgraded LSC Communications from a neutral rating to an underweight rating and set a $14.00 price target for the company. in a report on Friday, July 6th. Finally, Wells Fargo & Co lowered their price target on LSC Communications from $19.00 to $17.00 and set a market perform rating for the company in a report on Monday, June 25th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $16.75.
LKSD stock opened at $8.75 on Tuesday. The firm has a market cap of $369.09 million, a PE ratio of 4.44, a PEG ratio of -2.71 and a beta of -0.65. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.33 and a quick ratio of 0.99. LSC Communications has a 52 week low of $8.61 and a 52 week high of $18.64.
LSC Communications (NYSE:LKSD) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). The firm had revenue of $943.00 million for the quarter, compared to analyst estimates of $910.87 million. LSC Communications had a positive return on equity of 21.96% and a negative net margin of 1.68%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. On average, analysts forecast that LSC Communications will post 2.04 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new position in LSC Communications in the 2nd quarter valued at about $110,000. Piedmont Investment Advisors LLC purchased a new position in LSC Communications in the 2nd quarter valued at about $122,000. Russell Investments Group Ltd. boosted its position in LSC Communications by 83.9% in the 1st quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock valued at $173,000 after buying an additional 4,507 shares during the last quarter. United Services Automobile Association purchased a new position in LSC Communications in the 2nd quarter valued at about $191,000. Finally, Vident Investment Advisory LLC purchased a new position in LSC Communications in the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.
LSC Communications Company Profile
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.
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