Royal Bank Of Canada Reaffirms Outperform Rating for Louisiana-Pacific (NYSE:LPX)

Louisiana-Pacific (NYSE:LPXGet Free Report)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued on Wednesday,Benzinga reports. They presently have a $104.00 target price on the building manufacturing company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 17.77% from the stock’s current price.

Several other analysts also recently weighed in on LPX. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th. Oppenheimer assumed coverage on shares of Louisiana-Pacific in a research note on Thursday, February 5th. They issued an “outperform” rating for the company. Truist Financial raised their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Barclays boosted their target price on Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $106.57.

Read Our Latest Stock Analysis on Louisiana-Pacific

Louisiana-Pacific Stock Down 0.6%

Louisiana-Pacific stock traded down $0.56 during midday trading on Wednesday, reaching $88.30. The company’s stock had a trading volume of 200,332 shares, compared to its average volume of 1,204,299. The company has a market cap of $6.15 billion, a P/E ratio of 28.62 and a beta of 1.81. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $88.17 and a 200-day simple moving average of $88.56. Louisiana-Pacific has a fifty-two week low of $73.42 and a fifty-two week high of $108.41.

Louisiana-Pacific (NYSE:LPXGet Free Report) last released its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $567.00 million for the quarter, compared to the consensus estimate of $589.96 million. Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. On average, research analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insider Activity

In other Louisiana-Pacific news, CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $91.66, for a total value of $5,073,014.36. Following the sale, the chief executive officer owned 503,381 shares of the company’s stock, valued at approximately $46,139,902.46. The trade was a 9.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 141,676 shares of company stock worth $12,648,096 in the last quarter. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of LPX. North Ridge Wealth Advisors Inc. acquired a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $26,000. Los Angeles Capital Management LLC acquired a new position in Louisiana-Pacific in the fourth quarter valued at $29,000. Versant Capital Management Inc grew its position in Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after acquiring an additional 127 shares during the period. Larson Financial Group LLC increased its stake in Louisiana-Pacific by 291.2% during the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after acquiring an additional 399 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Louisiana-Pacific in the 4th quarter worth about $52,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Key Louisiana-Pacific News

Here are the key news stories impacting Louisiana-Pacific this week:

About Louisiana-Pacific

(Get Free Report)

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

Further Reading

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.