LSC Communications (LKSD) Downgraded by Zacks Investment Research to Sell

LSC Communications (NYSE:LKSD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

LKSD has been the topic of several other research reports. ValuEngine raised LSC Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 9th. Citigroup decreased their price objective on LSC Communications from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, May 4th. Finally, Bank of America downgraded LSC Communications from a “neutral” rating to an “underperform” rating in a research note on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.00.

NYSE LKSD opened at $12.01 on Wednesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.04 and a current ratio of 1.36. LSC Communications has a 52 week low of $11.58 and a 52 week high of $23.21. The stock has a market capitalization of $432.08 million, a PE ratio of 6.10, a P/E/G ratio of 1.73 and a beta of 0.01.

LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Thursday, May 3rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.28). LSC Communications had a positive return on equity of 22.60% and a negative net margin of 1.81%. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $873.77 million. During the same period last year, the business earned $0.14 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. equities analysts predict that LSC Communications will post 2.51 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new stake in LSC Communications during the 1st quarter valued at approximately $366,000. Robeco Institutional Asset Management B.V. bought a new stake in LSC Communications during the 1st quarter valued at approximately $378,000. Mackay Shields LLC bought a new stake in LSC Communications during the 1st quarter valued at approximately $529,000. Rhumbline Advisers raised its stake in LSC Communications by 4.3% during the 1st quarter. Rhumbline Advisers now owns 83,782 shares of the company’s stock valued at $1,462,000 after purchasing an additional 3,417 shares during the period. Finally, Prudential Financial Inc. raised its stake in LSC Communications by 37.0% during the 1st quarter. Prudential Financial Inc. now owns 117,909 shares of the company’s stock valued at $2,058,000 after purchasing an additional 31,850 shares during the period. 85.63% of the stock is currently owned by institutional investors.

LSC Communications Company Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

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