Louisiana-Pacific Co. (NYSE:LPX) has been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $28.39.
A number of analysts have commented on LPX shares. ValuEngine cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $30.00 price target on shares of Louisiana-Pacific in a research note on Thursday, August 8th. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a research note on Friday, August 2nd. TD Securities cut their target price on shares of Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Longbow Research cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 2nd.
LPX stock traded down $0.21 during trading hours on Monday, reaching $27.24. The stock had a trading volume of 2,181,837 shares, compared to its average volume of 2,012,236. The stock has a market capitalization of $3.39 billion, a PE ratio of 9.94 and a beta of 1.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.62 and a quick ratio of 2.34. The stock has a 50-day simple moving average of $24.76 and a 200 day simple moving average of $24.65. Louisiana-Pacific has a fifty-two week low of $20.39 and a fifty-two week high of $28.22.
Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, August 6th. The building manufacturing company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.14). The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $641.63 million. Louisiana-Pacific had a net margin of 7.41% and a return on equity of 11.70%. The business’s revenue was down 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 EPS. On average, sell-side analysts forecast that Louisiana-Pacific will post 0.65 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Coastal Capital Group Inc. purchased a new stake in shares of Louisiana-Pacific during the 2nd quarter worth $27,000. Price Wealth Management Inc. acquired a new position in shares of Louisiana-Pacific in the 2nd quarter worth approximately $84,000. Prestige Wealth Management Group LLC acquired a new position in shares of Louisiana-Pacific in the 2nd quarter worth approximately $113,000. TRUE Private Wealth Advisors acquired a new position in shares of Louisiana-Pacific in the 2nd quarter worth approximately $166,000. Finally, Cerebellum GP LLC acquired a new position in shares of Louisiana-Pacific in the 3rd quarter worth approximately $188,000. Institutional investors own 97.26% of the company’s stock.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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