Barclays Issues Pessimistic Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its target price cut by stock analysts at Barclays from $92.00 to $88.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the building manufacturing company’s stock. Barclays‘s price objective would indicate a potential upside of 35.81% from the stock’s previous close.

Several other research firms have also recently commented on LPX. Bank of America raised their price target on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial dropped their price objective on shares of Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Jefferies Financial Group assumed coverage on shares of Louisiana-Pacific in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 target price for the company. The Goldman Sachs Group lifted their target price on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the company a “sell” rating in a research note on Thursday, August 6th. Finally, DA Davidson restated a “buy” rating and set a $99.00 price target on shares of Louisiana-Pacific in a report on Wednesday, September 2nd. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.33.

Louisiana-Pacific Stock Down 3.1%

Shares of Louisiana-Pacific stock opened at $64.80 on Tuesday. Louisiana-Pacific has a 1 year low of $62.18 and a 1 year high of $100.34. The company has a market cap of $4.53 billion, a P/E ratio of 82.02, a P/E/G ratio of 9.47 and a beta of 1.63. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $69.78 and a 200 day moving average price of $72.47.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business had revenue of $664.00 million for the quarter, compared to analysts’ expectations of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The company’s revenue was down 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. As a group, analysts expect that Louisiana-Pacific will post 1.17 EPS for the current fiscal year.

Institutional Trading of Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Louisiana-Pacific in the second quarter worth $506,638,000. Berkshire Hathaway Inc acquired a new stake in shares of Louisiana-Pacific in the second quarter worth about $445,593,000. Capital Research Global Investors lifted its position in shares of Louisiana-Pacific by 306.2% in the fourth quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock worth $102,848,000 after buying an additional 960,000 shares during the last quarter. Eminence Capital LP boosted its stake in shares of Louisiana-Pacific by 29.9% during the 4th quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock worth $326,927,000 after acquiring an additional 932,177 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Louisiana-Pacific during the 1st quarter worth about $56,596,000. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential and light commercial construction. The company’s portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.