LSC Communications (NYSE:LKSD) had its price target decreased by stock analysts at Buckingham Research from $22.00 to $19.00 in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Buckingham Research’s price objective would suggest a potential upside of 81.30% from the company’s current price.
Several other research firms also recently commented on LKSD. Zacks Investment Research upgraded LSC Communications from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine upgraded LSC Communications from a “strong sell” rating to a “sell” rating in a report on Thursday, August 9th. Finally, JPMorgan Chase & Co. downgraded LSC Communications from a “neutral” rating to an “underweight” rating and set a $14.00 price target on the stock. in a report on Friday, July 6th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.00.
LKSD opened at $10.48 on Thursday. The firm has a market cap of $283.32 million, a price-to-earnings ratio of 5.32, a PEG ratio of -2.06 and a beta of -0.66. LSC Communications has a 52 week low of $7.78 and a 52 week high of $18.64. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 3.08.
LSC Communications (NYSE:LKSD) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.12). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $971.00 million. LSC Communications had a positive return on equity of 21.96% and a negative net margin of 1.68%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, equities research analysts forecast that LSC Communications will post 2.06 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in LKSD. Schwab Charles Investment Management Inc. grew its stake in LSC Communications by 191.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,152,305 shares of the company’s stock worth $18,046,000 after buying an additional 757,280 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in LSC Communications by 30.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,668,210 shares of the company’s stock worth $26,124,000 after buying an additional 389,876 shares during the last quarter. WINTON GROUP Ltd grew its stake in LSC Communications by 57.6% during the 2nd quarter. WINTON GROUP Ltd now owns 431,728 shares of the company’s stock worth $6,761,000 after buying an additional 157,758 shares during the last quarter. Wells Fargo & Company MN grew its stake in LSC Communications by 19.3% during the 2nd quarter. Wells Fargo & Company MN now owns 578,820 shares of the company’s stock worth $9,064,000 after buying an additional 93,658 shares during the last quarter. Finally, Adams Asset Advisors LLC purchased a new position in LSC Communications during the 3rd quarter worth $823,000. Institutional investors and hedge funds own 85.06% of the company’s stock.
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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