Louisiana-Pacific Corporation (LPX) Lifted to Buy at BidaskClub
BidaskClub upgraded shares of Louisiana-Pacific Corporation (NYSE:LPX) from a hold rating to a buy rating in a research report sent to investors on Thursday, July 13th.
LPX has been the subject of several other research reports. Vertical Research downgraded Louisiana-Pacific Corporation from a buy rating to a hold rating in a research note on Tuesday, April 11th. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a hold rating to a buy rating and set a $27.00 price objective for the company in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a buy rating and issued a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 23rd. ValuEngine upgraded Louisiana-Pacific Corporation from a hold rating to a buy rating in a research report on Thursday, May 25th. Finally, DA Davidson downgraded Louisiana-Pacific Corporation from a buy rating to a neutral rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $27.00.
Shares of Louisiana-Pacific Corporation (LPX) opened at 24.50 on Thursday. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $26.93. The stock’s 50 day moving average is $24.70 and its 200 day moving average is $23.75. The firm has a market cap of $3.55 billion, a PE ratio of 13.95 and a beta of 1.34.
Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $694 million for the quarter, compared to analyst estimates of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. On average, analysts anticipate that Louisiana-Pacific Corporation will post $1.85 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of LPX. BlackRock Inc. raised its stake 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 stake in shares of Louisiana-Pacific Corporation during the first quarter worth approximately $70,106,000. Vanguard Group Inc. increased its stake in 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 in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Louisiana-Pacific Corporation during the first quarter worth about $28,202,000. Finally, Marshall Wace North America L.P. bought a new stake in Louisiana-Pacific Corporation during the first quarter worth about $28,202,000. Hedge funds and other institutional investors own 94.99% 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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