Zacks Investment Research upgraded shares of LSC Communications (NYSE:LKSD) from a strong sell rating to a hold rating in a research note released on Tuesday morning.

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. “

A number of other research firms have also issued reports on LKSD. JPMorgan Chase & Co. lowered LSC Communications from a neutral rating to an underweight rating and set a $14.00 target price on the stock. in a research note on Friday, July 6th. Wells Fargo & Co reduced their target price on LSC Communications from $19.00 to $17.00 and set a market perform rating on the stock in a research note on Monday, June 25th. Buckingham Research began coverage on LSC Communications in a research note on Monday, June 25th. They issued a buy rating and a $22.00 target price on the stock. Finally, ValuEngine raised LSC Communications from a strong sell rating to a sell rating in a research note on Thursday, August 9th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $16.75.

Shares of NYSE:LKSD opened at $8.75 on Tuesday. The company has a market cap of $369.09 million, a PE ratio of 4.44, a PEG ratio of -2.71 and a beta of -0.65. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.99 and a current ratio of 1.33. LSC Communications has a 12 month low of $8.61 and a 12 month high of $18.64.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.04). The firm had revenue of $943.00 million for the quarter, compared to analysts’ expectations of $910.87 million. LSC Communications had a positive return on equity of 21.96% and a negative net margin of 1.68%. LSC Communications’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. Analysts expect that LSC Communications will post 2.04 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in LSC Communications by 35.0% in the 1st quarter. Wells Fargo & Company MN now owns 485,162 shares of the company’s stock valued at $8,466,000 after acquiring an additional 125,704 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in LSC Communications by 23.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 395,025 shares of the company’s stock valued at $6,894,000 after acquiring an additional 76,055 shares during the last quarter. Northern Trust Corp raised its holdings in LSC Communications by 1.7% in the 1st quarter. Northern Trust Corp now owns 458,491 shares of the company’s stock valued at $8,000,000 after acquiring an additional 7,542 shares during the last quarter. BlackRock Inc. raised its holdings in LSC Communications by 1.2% in the 1st quarter. BlackRock Inc. now owns 4,878,645 shares of the company’s stock valued at $85,134,000 after acquiring an additional 58,748 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in LSC Communications by 29.5% in the 1st quarter. JPMorgan Chase & Co. now owns 322,035 shares of the company’s stock valued at $5,620,000 after acquiring an additional 73,286 shares during the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

About LSC Communications

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

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