Research analysts at Buckingham Research began coverage on shares of LSC Communications (NYSE:LKSD) in a research report issued on Monday. The brokerage set a “buy” rating and a $22.00 price target on the stock. Buckingham Research’s price objective indicates a potential upside of 36.65% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. Bank of America cut shares of LSC Communications from a “neutral” rating to an “underperform” rating in a research note on Monday, April 2nd. Zacks Investment Research cut shares of LSC Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Finally, Citigroup dropped their price objective on shares of LSC Communications from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, May 4th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.67.
LSC Communications opened at $16.10 on Monday, according to Marketbeat Ratings. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 2.79. The stock has a market cap of $561.00 million, a PE ratio of 8.17, a P/E/G ratio of 4.95 and a beta of -0.27. LSC Communications has a 52-week low of $11.58 and a 52-week high of $22.37.
LSC Communications (NYSE:LKSD) last posted its earnings results on Thursday, May 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.28). The company had revenue of $929.00 million for the quarter, compared to analyst estimates of $873.77 million. LSC Communications had a positive return on equity of 22.60% and a negative net margin of 1.81%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. equities research analysts expect that LSC Communications will post 2.4 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of LKSD. Rhumbline Advisers boosted its stake in shares of LSC Communications by 4.3% in 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 last quarter. Mackay Shields LLC acquired a new position in LSC Communications during the first quarter worth $529,000. OMERS ADMINISTRATION Corp acquired a new position in LSC Communications during the first quarter worth $309,000. Robeco Institutional Asset Management B.V. acquired a new position in LSC Communications during the first quarter worth $378,000. Finally, Investors Research Corp acquired a new position in LSC Communications during the first quarter worth $864,000. 84.37% of the stock is currently owned by hedge funds and other institutional investors.
About LSC Communications
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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