Citigroup Inc. upgraded shares of LSC Communications (NYSE:LKSD) from a sell rating to a neutral rating in a report issued on Tuesday morning. They currently have $23.00 target price on the stock.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of LSC Communications from a strong sell rating to a hold rating in a research report on Tuesday, October 10th. J P Morgan Chase & Co started coverage on shares of LSC Communications in a research report on Friday, July 21st. They set a neutral rating on the stock. Finally, BidaskClub raised shares of LSC Communications from a strong sell rating to a sell rating in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $24.00.

LSC Communications (NYSE LKSD) traded up $0.20 during mid-day trading on Tuesday, hitting $15.24. 402,269 shares of the stock traded hands, compared to its average volume of 333,647. The stock has a market cap of $523.02 and a price-to-earnings ratio of 7.54. The company has a current ratio of 1.42, a quick ratio of 1.10 and a debt-to-equity ratio of 2.47. LSC Communications has a 1 year low of $13.72 and a 1 year high of $30.74.

LSC Communications (NYSE:LKSD) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $928.67 million. LSC Communications had a net margin of 0.28% and a return on equity of 24.72%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. sell-side analysts forecast that LSC Communications will post 2.12 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Wednesday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.00 annualized dividend and a yield of 6.56%. LSC Communications’s dividend payout ratio (DPR) is presently 344.83%.

In related news, Director Shivan S. Subramaniam bought 3,500 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average price of $16.41 per share, for a total transaction of $57,435.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.48% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in LSC Communications in the 2nd quarter valued at approximately $138,000. Sei Investments Co. increased its holdings in LSC Communications by 53.3% in the 2nd 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 increased its holdings in LSC Communications by 85.3% in the 2nd 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 increased its holdings in LSC Communications by 32.1% in the 2nd 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. acquired a new stake in LSC Communications in the 2nd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

LSC Communications Company Profile

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.

Analyst Recommendations for LSC Communications (NYSE:LKSD)

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