Longbow Research Reiterates “Neutral” Rating for Louisiana-Pacific Corporation (LPX)
Louisiana-Pacific Corporation (NYSE:LPX)‘s stock had its “neutral” rating restated by analysts at Longbow Research in a note issued to investors on Tuesday.
A number of other research firms have also commented on LPX. Zacks Investment Research lowered Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Royal Bank Of Canada lifted their price objective on Louisiana-Pacific Corporation and gave the stock an “outperform” rating in a research note on Tuesday, September 26th. BidaskClub raised Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, BMO Capital Markets lowered Louisiana-Pacific Corporation from a “market perform” rating to an “underperform” rating and lifted their price objective for the stock from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.40.
Shares of Louisiana-Pacific Corporation (NYSE LPX) traded down 0.50% during mid-day trading on Tuesday, reaching $27.96. The company’s stock had a trading volume of 63,410 shares. The company has a 50-day moving average of $26.89 and a 200-day moving average of $25.07. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $29.44. The firm has a market cap of $4.05 billion, a PE ratio of 15.92 and a beta of 1.31.
Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). The firm had revenue of $694.00 million for the quarter, compared to analyst estimates of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. On average, analysts predict that Louisiana-Pacific Corporation will post $2.13 earnings per share for the current year.
WARNING: This piece of content was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/10/12/longbow-research-reiterates-neutral-rating-for-louisiana-pacific-corporation-lpx.html.
In other Louisiana-Pacific Corporation news, insider Rebecca Anne Barckley sold 5,128 shares of Louisiana-Pacific Corporation stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total value of $138,456.00. Following the completion of the sale, the insider now directly owns 7,305 shares in the company, valued at $197,235. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Sims sold 5,871 shares of Louisiana-Pacific Corporation stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total value of $158,869.26. Following the completion of the sale, the senior vice president now owns 41,523 shares of the company’s stock, valued at $1,123,612.38. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Advisors Preferred LLC increased its holdings in Louisiana-Pacific Corporation by 2,723.0% in the second quarter. Advisors Preferred LLC now owns 4,291 shares of the construction company’s stock worth $103,000 after purchasing an additional 4,139 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Louisiana-Pacific Corporation by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock worth $137,000 after purchasing an additional 539 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Louisiana-Pacific Corporation by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after purchasing an additional 56 shares in the last quarter. US Bancorp DE increased its holdings in Louisiana-Pacific Corporation by 6.9% in the second quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock worth $149,000 after purchasing an additional 400 shares in the last quarter. Finally, Flinton Capital Management LLC increased its holdings in Louisiana-Pacific Corporation by 76.1% in the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock worth $176,000 after purchasing an additional 3,152 shares in the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.
Louisiana-Pacific Corporation 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, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
Receive News & Ratings for Louisiana-Pacific Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific Corporation and related companies with MarketBeat.com's FREE daily email newsletter.