Todays Report: Today, Louisiana-Pacific Corp. (LPX) Given Average Rating of “Buy” by Brokerages

Today, Louisiana-Pacific Corp. (LPX) Given Average Rating of “Buy” by Brokerages

Shares of Louisiana-Pacific Corp. (NYSE:LPX) have received an average rating of “Buy” from the seven research firms that are currently covering the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $17.50.

A number of research analysts have weighed in on the company. BMO Capital Markets lowered Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a report on Monday, August 8th. They noted that the move was a valuation call. Vertical Group upgraded Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 14th. Vertical Research upgraded Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 14th. Zacks Investment Research lowered Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. Finally, TheStreet lowered Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 29th.

Louisiana-Pacific Corp. (NYSE:LPX) traded down 0.40% during mid-day trading on Friday, reaching $19.68. 859,472 shares of the company were exchanged. Louisiana-Pacific Corp. has a 1-year low of $13.31 and a 1-year high of $20.97. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 28.44 and a beta of 1.10. The stock’s 50-day moving average price is $18.52 and its 200-day moving average price is $18.68.

Louisiana-Pacific Corp. (NYSE:LPX) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. The firm earned $596 million during the quarter, compared to analysts’ expectations of $603.10 million. Louisiana-Pacific Corp. had a net margin of 4.66% and a return on equity of 9.09%. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) EPS. On average, equities research analysts anticipate that Louisiana-Pacific Corp. will post $1.01 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its stake in shares of Louisiana-Pacific Corp. by 64.0% in the third quarter. Ameritas Investment Partners Inc. now owns 55,295 shares of the company’s stock worth $1,041,000 after buying an additional 21,572 shares during the last quarter. NS Partners Ltd increased its stake in shares of Louisiana-Pacific Corp. by 0.3% in the third quarter. NS Partners Ltd now owns 210,325 shares of the company’s stock worth $3,960,000 after buying an additional 621 shares during the last quarter. Verition Fund Management LLC increased its stake in shares of Louisiana-Pacific Corp. by 127.7% in the third quarter. Verition Fund Management LLC now owns 159,793 shares of the company’s stock worth $3,009,000 after buying an additional 89,601 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Louisiana-Pacific Corp. during the third quarter worth about $11,930,000. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Louisiana-Pacific Corp. by 184.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 619,828 shares of the company’s stock worth $11,671,000 after buying an additional 402,197 shares during the last quarter. 99.59% of the stock is owned by hedge funds and other institutional investors.

Related posts

Leave a Comment