Louisiana-Pacific (NYSE:LPX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, January 9th. The firm currently has a $31.00 price objective on the construction company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 4.69% from the stock’s current price.
According to Zacks, “Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company’s products are used by homebuilders and light commercial builders. Louisiana-Pacific’s products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, laminated veneer lumber, laminated strand lumber and interior decorative moulding. “
A number of other equities research analysts also recently weighed in on LPX. Stephens started coverage on Louisiana-Pacific in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 target price for the company. Vertical Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Royal Bank of Canada upped their target price on Louisiana-Pacific and gave the stock an “outperform” rating in a research report on Tuesday, September 26th. BMO Capital Markets downgraded Louisiana-Pacific from a “market perform” rating to an “underperform” rating and upped their target price for the stock from $22.00 to $24.00 in a research report on Friday, September 29th. They noted that the move was a valuation call. Finally, Longbow Research restated a “neutral” rating on shares of Louisiana-Pacific in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.50.
Shares of Louisiana-Pacific (NYSE:LPX) traded down $0.37 during midday trading on Tuesday, hitting $29.61. The stock had a trading volume of 1,808,615 shares, compared to its average volume of 1,494,272. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.31 and a current ratio of 5.25. The firm has a market capitalization of $4,350.00, a P/E ratio of 14.30, a PEG ratio of 3.03 and a beta of 1.52. Louisiana-Pacific has a fifty-two week low of $18.73 and a fifty-two week high of $31.07.
Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The business had revenue of $718.30 million for the quarter, compared to analyst estimates of $731.47 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. equities research analysts forecast that Louisiana-Pacific will post 2.21 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its holdings in shares of Louisiana-Pacific by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after buying an additional 56 shares in the last quarter. Affinity Wealth Management increased its holdings in shares of Louisiana-Pacific by 1.9% in the second quarter. Affinity Wealth Management now owns 9,653 shares of the construction company’s stock valued at $233,000 after buying an additional 183 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Louisiana-Pacific by 0.6% in the second quarter. Ameritas Investment Partners Inc. now owns 55,612 shares of the construction company’s stock valued at $1,341,000 after buying an additional 317 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Louisiana-Pacific by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock valued at $137,000 after buying an additional 539 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Louisiana-Pacific by 1.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 77,507 shares of the construction company’s stock valued at $1,869,000 after buying an additional 847 shares in the last quarter. 93.58% of the stock is currently owned by institutional investors.
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Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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