Citigroup Inc. Upgrades LSC Communications (LKSD) to “Neutral”
LSC Communications (NYSE:LKSD) was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a note issued to investors on Tuesday.
Several other analysts also recently weighed in on the company. BidaskClub downgraded LSC Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised LSC Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co assumed coverage on LSC Communications in a research note on Friday, July 21st. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. LSC Communications has a consensus rating of “Hold” and a consensus price target of $24.00.
Shares of LSC Communications (LKSD) opened at $13.99 on Tuesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.42. The firm has a market capitalization of $478.77, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of -3.24 and a beta of 6.07. LSC Communications has a 12 month low of $13.72 and a 12 month high of $30.74.
LSC Communications (NYSE:LKSD) last announced its earnings results on Thursday, November 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $928.67 million. LSC Communications had a return on equity of 24.72% and a net margin of 0.28%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. equities research analysts expect that LSC Communications will post 2.12 earnings per share for the current fiscal year.
In other news, Director Shivan S. Subramaniam purchased 3,500 shares of the stock in a transaction dated Monday, September 11th. The shares were bought at an average cost of $16.41 per share, for a total transaction of $57,435.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.48% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd increased its position in shares of LSC Communications by 57.2% during the 2nd quarter. WINTON GROUP Ltd now owns 35,826 shares of the company’s stock valued at $767,000 after purchasing an additional 13,039 shares during the period. California State Teachers Retirement System increased its position in shares of LSC Communications by 15.2% during the 2nd quarter. California State Teachers Retirement System now owns 60,107 shares of the company’s stock valued at $1,286,000 after purchasing an additional 7,913 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of LSC Communications by 2,812.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,862 shares of the company’s stock valued at $554,000 after purchasing an additional 24,974 shares during the period. State Street Corp increased its position in shares of LSC Communications by 34.5% during the 2nd quarter. State Street Corp now owns 838,168 shares of the company’s stock valued at $17,941,000 after purchasing an additional 214,943 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of LSC Communications during the 2nd quarter valued at $205,000. Institutional investors own 85.20% of the company’s stock.
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.
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