Louisiana-Pacific Corp. (LPX) Receives Average Recommendation of “Buy” from Analysts
Shares of Louisiana-Pacific Corp. (NYSE:LPX) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the stock. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.50.
Several brokerages have commented on LPX. Zacks Investment Research lowered shares of Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. TheStreet lowered shares of Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. BMO Capital Markets lowered shares of Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a report on Monday, August 8th. They noted that the move was a valuation call. Vertical Research upgraded shares of Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 14th. Finally, Vertical Group upgraded shares of Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 14th.
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Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in Louisiana-Pacific Corp. by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,878 shares of the company’s stock worth $102,000 after buying an additional 433 shares in the last quarter. US Bancorp DE increased its stake in Louisiana-Pacific Corp. by 57.2% in the third quarter. US Bancorp DE now owns 5,769 shares of the company’s stock worth $109,000 after buying an additional 2,100 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Louisiana-Pacific Corp. during the second quarter worth $116,000. Creative Planning increased its stake in Louisiana-Pacific Corp. by 58.8% in the second quarter. Creative Planning now owns 6,814 shares of the company’s stock worth $118,000 after buying an additional 2,522 shares in the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in Louisiana-Pacific Corp. during the third quarter worth $132,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
Louisiana-Pacific Corp. (NYSE:LPX) opened at 19.65 on Friday. The company’s 50 day moving average is $18.56 and its 200-day moving average is $18.70. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 28.40 and a beta of 1.10. Louisiana-Pacific Corp. has a 52-week low of $13.31 and a 52-week high of $20.97.
Louisiana-Pacific Corp. (NYSE:LPX) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Louisiana-Pacific Corp. had a return on equity of 9.09% and a net margin of 4.66%. The company earned $596 million during the quarter, compared to the consensus estimate of $603.10 million. During the same quarter last year, the company posted ($0.12) earnings per share. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities analysts anticipate that Louisiana-Pacific Corp. will post $1.01 EPS for the current fiscal year.
About Louisiana-Pacific Corp.
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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