Trading Report: The Louisiana-Pacific Corp. (LPX) Upgraded to Buy by Vertical Research

The Louisiana-Pacific Corp. (LPX) Upgraded to Buy by Vertical Research

Louisiana-Pacific Corp. (NYSE:LPX) was upgraded by equities research analysts at Vertical Research from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities research analysts also recently issued reports about the company. Dundee Securities raised Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st. BMO Capital Markets downgraded Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research report on Monday, August 8th. They noted that the move was a valuation call. Finally, TheStreet raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $19.25.

Louisiana-Pacific Corp. (NYSE:LPX) opened at 18.47 on Friday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 335.82 and a beta of 1.36. The company has a 50-day moving average price of $19.17 and a 200-day moving average price of $18.45. Louisiana-Pacific Corp. has a one year low of $13.31 and a one year high of $20.97.

Louisiana-Pacific Corp. (NYSE:LPX) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The company had revenue of $582 million for the quarter, compared to the consensus estimate of $578.30 million. Louisiana-Pacific Corp. had a return on equity of 3.29% and a net margin of 0.39%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business posted ($0.08) earnings per share. Equities research analysts anticipate that Louisiana-Pacific Corp. will post $0.87 EPS for the current year.

In related news, SVP Neil Sherman sold 13,397 shares of Louisiana-Pacific Corp. stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $20.00, for a total transaction of $267,940.00. Following the sale, the senior vice president now directly owns 45,025 shares of the company’s stock, valued at $900,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.76% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Stelliam Investment Management LP acquired a new position in shares of Louisiana-Pacific Corp. during the second quarter worth approximately $49,621,000. Marshall Wace LLP boosted its position in shares of Louisiana-Pacific Corp. by 1,625.4% in the second quarter. Marshall Wace LLP now owns 716,680 shares of the company’s stock worth $12,434,000 after buying an additional 675,142 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Louisiana-Pacific Corp. by 7.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,721,800 shares of the company’s stock worth $97,957,000 after buying an additional 394,936 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Louisiana-Pacific Corp. by 3.7% in the second quarter. Vanguard Group Inc. now owns 10,669,714 shares of the company’s stock worth $185,119,000 after buying an additional 385,623 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Louisiana-Pacific Corp. during the second quarter worth approximately $3,965,000.

Louisiana-Pacific Corp. Company Profile

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