Quad Graphics (NYSE:QUAD) Now Covered by Analysts at Benchmark

Investment analysts at Benchmark began coverage on shares of Quad Graphics (NYSE:QUAD) in a report released on Tuesday,Benzinga reports. The firm set a “buy” rating and a $10.00 price target on the business services provider’s stock. Benchmark’s price objective suggests a potential upside of 41.04% from the stock’s previous close.

A number of other research firms have also weighed in on QUAD. Zacks Research lowered Quad Graphics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Rosenblatt Securities upped their target price on Quad Graphics from $8.20 to $9.80 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Wall Street Zen upgraded Quad Graphics from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Quad Graphics has an average rating of “Moderate Buy” and a consensus target price of $9.93.

Quad Graphics Stock Up 2.9%

Shares of NYSE:QUAD opened at $7.09 on Tuesday. Quad Graphics has a 52-week low of $4.50 and a 52-week high of $7.54. The stock has a market cap of $370.52 million, a P/E ratio of 13.13 and a beta of 1.16. The business’s 50 day moving average is $6.60 and its 200 day moving average is $6.21. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 2.52.

Quad Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, February 17th. The business services provider reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $630.60 million during the quarter, compared to analyst estimates of $632.90 million. Quad Graphics had a return on equity of 49.71% and a net margin of 1.12%. Sell-side analysts predict that Quad Graphics will post 1.08 EPS for the current year.

Institutional Investors Weigh In On Quad Graphics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Miller Value Partners LLC grew its position in Quad Graphics by 4.4% during the 4th quarter. Miller Value Partners LLC now owns 2,737,890 shares of the business services provider’s stock worth $17,167,000 after purchasing an additional 114,415 shares during the period. Vanguard Group Inc. grew its position in Quad Graphics by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,799,720 shares of the business services provider’s stock worth $11,266,000 after purchasing an additional 11,773 shares during the period. LSV Asset Management grew its position in Quad Graphics by 0.3% during the 4th quarter. LSV Asset Management now owns 1,353,001 shares of the business services provider’s stock worth $8,483,000 after purchasing an additional 3,687 shares during the period. Geode Capital Management LLC grew its position in Quad Graphics by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock worth $3,977,000 after purchasing an additional 1,837 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in Quad Graphics by 49.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 462,898 shares of the business services provider’s stock worth $2,902,000 after purchasing an additional 153,172 shares during the period. 39.52% of the stock is owned by institutional investors and hedge funds.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.