LSC Communications (NYSE:LKSD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $11.00 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 7.95% from the company’s previous close.
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. “
Other analysts have also recently issued research reports about the company. Buckingham Research decreased their target price on LSC Communications from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Citigroup decreased their target price on LSC Communications from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Finally, ValuEngine upgraded LSC Communications from a “strong sell” rating to a “sell” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.40.
Shares of NYSE:LKSD opened at $10.19 on Wednesday. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.27 and a quick ratio of 0.98. LSC Communications has a 1 year low of $7.78 and a 1 year high of $18.64. The stock has a market cap of $364.41 million, a PE ratio of 5.17, a PEG ratio of -2.65 and a beta of 0.14.
LSC Communications (NYSE:LKSD) last issued its earnings results on Wednesday, October 31st. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). LSC Communications had a positive return on equity of 23.53% and a negative net margin of 1.67%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $971.00 million. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that LSC Communications will post 2.06 EPS for the current year.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of LSC Communications during the 2nd quarter worth about $110,000. Piedmont Investment Advisors LLC purchased a new position in LSC Communications in the 2nd quarter worth approximately $122,000. Stone Ridge Asset Management LLC purchased a new position in LSC Communications in the 3rd quarter worth approximately $153,000. Russell Investments Group Ltd. boosted its holdings in LSC Communications by 83.9% in the 1st quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock worth $173,000 after acquiring an additional 4,507 shares during the period. Finally, United Services Automobile Association purchased a new position in LSC Communications in the 2nd quarter worth approximately $191,000. Institutional investors and hedge funds own 85.01% 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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