News coverage about Louisiana-Pacific (NYSE:LPX) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Louisiana-Pacific earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 46.3795775783922 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Several analysts recently commented on LPX shares. Seaport Global Securities started coverage on shares of Louisiana-Pacific in a research report on Thursday, March 15th. They set a “buy” rating and a $37.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $39.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, April 3rd. ValuEngine raised Louisiana-Pacific from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 3rd. BMO Capital Markets reissued a “sell” rating and issued a $27.00 target price on shares of Louisiana-Pacific in a report on Tuesday, April 24th. Finally, DA Davidson raised Louisiana-Pacific from a “neutral” rating to a “buy” rating in a report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.71.
Louisiana-Pacific opened at $26.80 on Monday, Marketbeat reports. The company has a market capitalization of $3.89 billion, a PE ratio of 11.50, a P/E/G ratio of 1.82 and a beta of 1.60. The company has a current ratio of 5.92, a quick ratio of 4.53 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 12-month low of $23.39 and a 12-month high of $31.19.
Louisiana-Pacific (NYSE:LPX) last released its earnings results on Monday, May 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.08). Louisiana-Pacific had a net margin of 15.13% and a return on equity of 25.35%. The company had revenue of $691.30 million during the quarter, compared to analyst estimates of $702.19 million. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. equities analysts predict that Louisiana-Pacific will post 2.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $0.52 annualized dividend and a yield of 1.94%. Louisiana-Pacific’s payout ratio is currently 22.32%.
In other Louisiana-Pacific news, Director Gary Cook sold 2,558 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $29.00, for a total transaction of $74,182.00. Following the completion of the sale, the director now directly owns 52,697 shares in the company, valued at $1,528,213. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.48% of the company’s stock.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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