Louisiana-Pacific Co. (NYSE:LPX)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank Of Canada in a report released on Wednesday. They presently have a $32.00 price objective on the construction company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 20.89% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. ValuEngine upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. TD Securities reiterated a “hold” rating on shares of Louisiana-Pacific in a report on Tuesday, May 9th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $22.00 price objective on shares of Louisiana-Pacific in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $27.00.

Louisiana-Pacific (LPX) traded up 3.24% during trading on Wednesday, reaching $26.47. 3,652,971 shares of the company traded hands. The company’s 50-day moving average price is $24.61 and its 200 day moving average price is $24.37. Louisiana-Pacific has a 52 week low of $17.08 and a 52 week high of $26.92. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.07 and a beta of 1.27.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by $0.03. Louisiana-Pacific had a return on equity of 29.13% and a net margin of 13.37%. The business had revenue of $694 million during the quarter, compared to the consensus estimate of $700.73 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. Louisiana-Pacific’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, equities research analysts expect that Louisiana-Pacific will post $1.90 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Louisiana-Pacific’s (LPX) “Buy” Rating Reiterated at Royal Bank Of Canada” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/09/06/louisiana-pacifics-lpx-buy-rating-reiterated-at-royal-bank-of-canada.html.

Several institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its stake in shares of Louisiana-Pacific by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock valued at $489,000 after purchasing an additional 52 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Louisiana-Pacific by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,534 shares of the construction company’s stock valued at $278,000 after purchasing an additional 54 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Louisiana-Pacific by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after purchasing an additional 56 shares during the period. Creative Planning grew its stake in shares of Louisiana-Pacific by 1.9% during the 2nd quarter. Creative Planning now owns 7,773 shares of the construction company’s stock valued at $187,000 after purchasing an additional 147 shares during the period. Finally, Affinity Wealth Management grew its stake in shares of Louisiana-Pacific by 1.9% during the 2nd quarter. Affinity Wealth Management now owns 9,653 shares of the construction company’s stock valued at $233,000 after purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 91.12% of the company’s stock.

About Louisiana-Pacific

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.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

Receive News & Stock Ratings for Louisiana-Pacific Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific Co. and related stocks with our FREE daily email newsletter.