Louisiana-Pacific (NYSE:LPX) Stock Gets Price Target Trim from Royal Bank Of Canada

Louisiana-Pacific (NYSE:LPX – Free Report) had its price objective cut by Royal Bank Of Canada from $92.00 to $84.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the building manufacturing company’s stock.

A number of other brokerages have also issued reports on LPX. TD lifted their target price on Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Bank of America reduced their price target on Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. The Goldman Sachs Group decreased their price target on shares of Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a research note on Monday, October 12th. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Barclays lowered their price objective on shares of Louisiana-Pacific from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.50.

Read Our Latest Report on Louisiana-Pacific

Louisiana-Pacific Price Performance

LPX stock opened at $70.06 on Friday. The stock has a 50-day moving average price of $68.63 and a two-hundred day moving average price of $72.22. The stock has a market cap of $4.90 billion, a PE ratio of 88.68, a price-to-earnings-growth ratio of 5.42 and a beta of 1.63. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 1 year low of $62.18 and a 1 year high of $100.34.

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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). The firm had revenue of $664.00 million during the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. Equities analysts forecast that Louisiana-Pacific will post 1.13 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.7%. Louisiana-Pacific’s dividend payout ratio is 151.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LPX. BlackRock Inc. bought a new stake in shares of Louisiana-Pacific during the 2nd quarter worth approximately $506,638,000. Berkshire Hathaway Inc acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at approximately $445,593,000. Maple Rock Capital Partners Inc. boosted its holdings in shares of Louisiana-Pacific by 36.8% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock valued at $119,709,000 after buying an additional 409,300 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Louisiana-Pacific by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock valued at $119,279,000 after buying an additional 15,232 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in shares of Louisiana-Pacific in the first quarter valued at $56,596,000. 94.73% of the stock is currently owned by institutional investors.

About Louisiana-Pacific

(Get Free Report)

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential and light commercial construction. The company’s portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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