LSC Communications Inc (LKSD) Stock Rating Lowered by Zacks Investment Research
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.
ILLEGAL ACTIVITY WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/10/05/lsc-communications-inc-lksd-stock-rating-lowered-by-zacks-investment-research.html.
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.
Receive News & Ratings for LSC Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSC Communications Inc and related companies with MarketBeat.com's FREE daily email newsletter.