Louisiana-Pacific Corporation (LPX) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of Louisiana-Pacific Corporation (NYSE:LPX) from a hold rating to a buy rating in a research note published on Thursday, May 25th.
LPX has been the topic of a number of other research reports. Zacks Investment Research raised Louisiana-Pacific Corporation from a hold rating to a strong-buy rating and set a $26.00 price objective on the stock in a research note on Saturday, February 11th. Royal Bank Of Canada reissued a top pick rating and issued a $26.00 price objective (up previously from $25.00) on shares of Louisiana-Pacific Corporation in a research note on Thursday, February 9th. DA Davidson downgraded Louisiana-Pacific Corporation from a buy rating to a neutral rating in a research note on Monday, May 8th. TD Securities restated a hold rating on shares of Louisiana-Pacific Corporation in a report on Tuesday, May 9th. Finally, Buckingham Research cut Louisiana-Pacific Corporation from a buy rating to a neutral rating and set a $27.00 target price on the stock. in a report on Wednesday, April 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $26.40.
Shares of Louisiana-Pacific Corporation (LPX) traded up 0.21% during trading on Thursday, hitting $24.14. 1,638,084 shares of the company traded hands. The company has a 50-day moving average of $23.62 and a 200-day moving average of $22.60. Louisiana-Pacific Corporation has a 52-week low of $15.74 and a 52-week high of $26.93. The stock has a market capitalization of $3.49 billion, a PE ratio of 18.06 and a beta of 1.40.
Louisiana-Pacific Corporation (NYSE:LPX) last posted its quarterly earnings data on Friday, May 5th. The construction company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Louisiana-Pacific Corporation had a return on equity of 14.34% and a net margin of 8.31%. The company had revenue of $611 million for the quarter, compared to the consensus estimate of $607.21 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities analysts expect that Louisiana-Pacific Corporation will post $1.68 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Louisiana-Pacific Corporation by 24,793.7% in the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock worth $409,068,000 after buying an additional 16,415,153 shares during the period. Iridian Asset Management LLC CT purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter worth approximately $70,106,000. Vanguard Group Inc. increased its position in shares of Louisiana-Pacific Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock worth $327,572,000 after buying an additional 1,835,706 shares during the period. Renaissance Technologies LLC increased its position in shares of Louisiana-Pacific Corporation by 1,064.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,278,600 shares of the construction company’s stock worth $24,204,000 after buying an additional 1,168,800 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter worth approximately $28,202,000. Hedge funds and other institutional investors own 93.56% of the company’s stock.
About Louisiana-Pacific Corporation
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, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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