Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.68.
LPX has been the topic of several recent research reports. ValuEngine upgraded Louisiana-Pacific from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Bank of America upgraded Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 price target on the stock in a report on Tuesday, April 30th. TD Securities decreased their price target on Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and raised their price target for the company from $26.00 to $28.00 in a report on Friday, June 14th. Finally, Longbow Research upgraded Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Monday, May 20th.
A number of institutional investors and hedge funds have recently modified their holdings of LPX. Cerebellum GP LLC lifted its holdings in shares of Louisiana-Pacific by 6.2% during the 1st quarter. Cerebellum GP LLC now owns 12,704 shares of the building manufacturing company’s stock valued at $310,000 after purchasing an additional 743 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Louisiana-Pacific by 4.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 21,102 shares of the building manufacturing company’s stock valued at $553,000 after purchasing an additional 879 shares in the last quarter. Coastal Capital Group Inc. bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $27,000. Strs Ohio lifted its holdings in shares of Louisiana-Pacific by 7.5% during the 2nd quarter. Strs Ohio now owns 17,200 shares of the building manufacturing company’s stock valued at $450,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Louisiana-Pacific by 3.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 36,261 shares of the building manufacturing company’s stock valued at $806,000 after purchasing an additional 1,226 shares in the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.
Louisiana-Pacific stock opened at $25.23 on Wednesday. The firm has a 50-day moving average price of $26.01. The company has a market capitalization of $3.11 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 4.32 and a beta of 1.41. Louisiana-Pacific has a 12-month low of $20.39 and a 12-month high of $32.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.25 and a current ratio of 3.55.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $582.00 million during the quarter, compared to the consensus estimate of $601.49 million. Louisiana-Pacific had a net margin of 12.16% and a return on equity of 19.63%. Louisiana-Pacific’s revenue was down 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. Research analysts predict that Louisiana-Pacific will post 1.17 earnings per share for the current fiscal year.
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 structure markets. It also markets and sells products for use in 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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