Louisiana-Pacific Corp. (LPX) Stock Rating Upgraded by Vertical Group
Louisiana-Pacific Corp. (NYSE:LPX) was upgraded by Vertical Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other research analysts have also recently commented on the stock. Dundee Securities upgraded shares of Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a report on Thursday, July 21st. BMO Capital Markets cut shares of Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a report on Monday, August 8th. They noted that the move was a valuation call. Vertical Research upgraded shares of Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a report on Friday. Finally, TheStreet cut shares of Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $19.25.
Louisiana-Pacific Corp. (NYSE:LPX) opened at 18.87 on Friday. The stock’s 50 day moving average is $19.16 and its 200 day moving average is $18.51. Louisiana-Pacific Corp. has a 12-month low of $13.31 and a 12-month high of $20.97. The stock has a market capitalization of $2.68 billion, a PE ratio of 343.09 and a beta of 1.37.
Louisiana-Pacific Corp. (NYSE:LPX) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $582 million for the quarter, compared to analysts’ expectations of $578.30 million. Louisiana-Pacific Corp. had a net margin of 0.39% and a return on equity of 3.29%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share. Equities analysts anticipate that Louisiana-Pacific Corp. will post $0.87 EPS for the current fiscal year.
In other news, SVP Neil Sherman sold 13,397 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $20.00, for a total value of $267,940.00. Following the sale, the senior vice president now directly owns 45,025 shares in the company, valued at approximately $900,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.76% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its stake in Louisiana-Pacific Corp. by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,878 shares of the company’s stock worth $102,000 after buying an additional 433 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Louisiana-Pacific Corp. during the second quarter worth $116,000. Creative Planning boosted its stake in Louisiana-Pacific Corp. by 58.8% in the second quarter. Creative Planning now owns 6,814 shares of the company’s stock worth $118,000 after buying an additional 2,522 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Louisiana-Pacific Corp. by 75.6% in the second quarter. LS Investment Advisors LLC now owns 8,648 shares of the company’s stock worth $150,000 after buying an additional 3,724 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Louisiana-Pacific Corp. during the second quarter worth $182,000.
Louisiana-Pacific Corp. Company Profile
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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