Zacks Investment Research downgraded shares of LSC Communications Inc (NASDAQ:LKSD) from a hold rating to a strong sell rating in a research report report published on Wednesday morning.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

Other analysts have also issued reports about the company. J P Morgan Chase & Co started coverage on LSC Communications in a report on Friday, July 21st. They issued a neutral rating for the company. Citigroup Inc. lowered LSC Communications from a neutral rating to a sell rating in a report on Friday, September 29th. Finally, BidaskClub raised LSC Communications from a strong sell rating to a sell rating in a report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. LSC Communications currently has an average rating of Hold and a consensus target price of $24.00.

Shares of LSC Communications (NASDAQ:LKSD) traded down 5.23% during mid-day trading on Wednesday, hitting $16.49. The company had a trading volume of 157,161 shares. The stock has a market cap of $575.35 million and a price-to-earnings ratio of 10.84. LSC Communications has a 52-week low of $15.05 and a 52-week high of $30.74. The stock’s 50-day moving average is $16.82 and its 200-day moving average is $16.82.

LSC Communications (NASDAQ:LKSD) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.09). The firm had revenue of $848.00 million during the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. LSC Communications’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts forecast that LSC Communications will post $2.15 earnings per share for the current year.

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In related news, Director Shivan S. Subramaniam bought 5,000 shares of the stock in a transaction dated Friday, August 4th. The stock was bought at an average cost of $17.18 per share, with a total value of $85,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of LSC Communications during the second quarter valued at approximately $138,000. Sei Investments Co. grew its holdings in shares of LSC Communications by 53.3% during the second quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock valued at $139,000 after purchasing an additional 2,263 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of LSC Communications by 85.3% during the second quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock valued at $142,000 after purchasing an additional 3,062 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of LSC Communications by 32.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock valued at $172,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of LSC Communications during the second quarter valued at approximately $205,000.

About LSC Communications

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

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Analyst Recommendations for LSC Communications (NASDAQ:LKSD)

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