LSC Communications Inc (NASDAQ:LKSD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday.

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. “

Several other analysts also recently issued reports on LKSD. J P Morgan Chase & Co started coverage on LSC Communications in a report on Friday, July 21st. They set a “neutral” rating on the stock. BidaskClub upgraded LSC Communications from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Finally, Citigroup Inc. cut LSC Communications from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $24.00.

Shares of LSC Communications (LKSD) opened at 17.40 on Wednesday. The firm’s 50 day moving average is $16.84 and its 200 day moving average is $16.84. LSC Communications has a 1-year low of $15.05 and a 1-year high of $30.74. The firm has a market capitalization of $607.10 million and a PE ratio of 11.44.

LSC Communications (NASDAQ:LKSD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.09). The company had revenue of $848.00 million for the quarter, compared to analyst estimates of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The business’s revenue was down 6.4% on a year-over-year basis. Analysts anticipate that LSC Communications will post $2.15 EPS for the current fiscal year.

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In other LSC Communications news, Director Shivan S. Subramaniam bought 5,000 shares of the stock in a transaction on Friday, August 4th. The shares were bought at an average price of $17.18 per share, with a total value of $85,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

A number of large investors have recently added to or reduced their stakes in LKSD. SG Americas Securities LLC purchased a new position in LSC Communications during the 2nd quarter valued at about $138,000. Sei Investments Co. grew its stake in LSC Communications by 53.3% during the 2nd quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock valued at $139,000 after acquiring an additional 2,263 shares in the last quarter. State of Alaska Department of Revenue grew its stake in LSC Communications by 85.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock valued at $142,000 after acquiring an additional 3,062 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in LSC Communications by 32.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock valued at $172,000 after acquiring an additional 1,950 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in LSC Communications during the 2nd quarter valued at about $205,000.

LSC Communications Company Profile

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

Analyst Recommendations for LSC Communications (NASDAQ:LKSD)

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