Louisiana-Pacific (NYSE:LPX) Price Target Cut to $84.00 by Analysts at Royal Bank Of Canada

Louisiana-Pacific (NYSE:LPX) had its target price reduced by research analysts at Royal Bank Of Canada from $92.00 to $84.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the building manufacturing company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 19.31% from the company’s previous close.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group dropped their price target on Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating on the stock in a research report on Monday. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Bank of America lowered their price objective on shares of Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday. Wolfe Research began coverage on shares of Louisiana-Pacific in a research report on Thursday, September 10th. They issued an “outperform” rating and a $90.00 price objective on the stock. Finally, TD lifted their price target on Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific currently has an average rating of “Moderate Buy” and an average target price of $89.50.

Louisiana-Pacific Trading Up 1.5%

Shares of NYSE:LPX traded up $1.01 during midday trading on Friday, reaching $70.41. The company’s stock had a trading volume of 119,478 shares, compared to its average volume of 1,137,675. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 88.93, a PEG ratio of 10.00 and a beta of 1.63. Louisiana-Pacific has a fifty-two week low of $62.18 and a fifty-two week high of $100.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. The firm has a 50 day moving average price of $68.80 and a two-hundred day moving average price of $72.22.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $664.00 million for the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. As a group, analysts forecast that Louisiana-Pacific will post 1.10 earnings per share for the current year.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific during the first quarter worth $25,000. Parallel Advisors LLC grew its position in shares of Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after purchasing an additional 255 shares during the period. Root Financial Partners LLC lifted its holdings in Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after purchasing an additional 277 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Louisiana-Pacific by 138.1% during the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock worth $36,000 after purchasing an additional 290 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Louisiana-Pacific by 1,505.4% during the first quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company’s stock worth $43,000 after purchasing an additional 557 shares during the period. Institutional investors own 94.73% of the company’s stock.

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.