Louisiana-Pacific Corporation (NYSE:LPX – Get Free Report) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $94.00.
LPX has been the subject of several analyst reports. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Barclays cut their price objective on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Jefferies Financial Group assumed coverage on shares of Louisiana-Pacific in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price objective for the company. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered Louisiana-Pacific from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th.
Get Our Latest Report on Louisiana-Pacific
Hedge Funds Weigh In On Louisiana-Pacific
Louisiana-Pacific Stock Performance
Shares of NYSE:LPX opened at $70.55 on Tuesday. The business’s 50-day simple moving average is $74.71 and its 200 day simple moving average is $75.52. The company has a market cap of $4.93 billion, a P/E ratio of 89.30, a PEG ratio of 10.08 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. Louisiana-Pacific has a one year low of $66.12 and a one year high of $101.28.
Louisiana-Pacific (NYSE:LPX – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The company had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The firm’s revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. On average, sell-side analysts forecast that Louisiana-Pacific will post 1.17 earnings per share for the current fiscal year.
Louisiana-Pacific Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is 151.90%.
About Louisiana-Pacific
Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LPĀ® SmartSideĀ® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.
Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.
Recommended Stories
- Five stocks we like better than Louisiana-Pacific
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.
