Brokerages Set Louisiana-Pacific Corporation (LPX) Price Target at $29.50
Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been assigned an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.50.
LPX has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $32.00 price objective on shares of Louisiana-Pacific Corporation in a report on Wednesday, September 6th. Stephens initiated coverage on shares of Louisiana-Pacific Corporation in a report on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price objective on the stock. Zacks Investment Research upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, October 18th. Longbow Research reiterated a “neutral” rating on shares of Louisiana-Pacific Corporation in a research note on Tuesday, October 10th. Finally, BMO Capital Markets lowered shares of Louisiana-Pacific Corporation from a “market perform” rating to an “underperform” rating and lifted their price target for the company from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call.
Shares of Louisiana-Pacific Corporation (NYSE LPX) traded up $0.21 during trading hours on Monday, hitting $26.75. 1,250,000 shares of the company were exchanged, compared to its average volume of 1,820,000. Louisiana-Pacific Corporation has a fifty-two week low of $18.69 and a fifty-two week high of $29.44. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3,910.00, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.50.
Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Louisiana-Pacific Corporation had a return on equity of 20.27% and a net margin of 11.72%. The company had revenue of $718.30 million for the quarter, compared to analyst estimates of $731.47 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. equities analysts predict that Louisiana-Pacific Corporation will post 2.07 earnings per share for the current year.
In other news, SVP Michael Sims sold 5,871 shares of Louisiana-Pacific Corporation stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total value of $158,869.26. Following the completion of the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $1,123,612.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rebecca Anne Barckley sold 5,128 shares of Louisiana-Pacific Corporation stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $27.00, for a total transaction of $138,456.00. Following the completion of the transaction, the insider now directly owns 7,305 shares of the company’s stock, valued at approximately $197,235. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in LPX. Legal & General Group Plc grew its position in shares of Louisiana-Pacific Corporation by 15.6% in the 1st quarter. Legal & General Group Plc now owns 90,458 shares of the construction company’s stock valued at $2,239,000 after acquiring an additional 12,185 shares during the period. AQR Capital Management LLC grew its position in shares of Louisiana-Pacific Corporation by 486.5% in the 1st quarter. AQR Capital Management LLC now owns 234,944 shares of the construction company’s stock valued at $5,831,000 after acquiring an additional 194,882 shares during the period. Capstone Asset Management Co. grew its position in shares of Louisiana-Pacific Corporation by 2.1% in the 2nd quarter. Capstone Asset Management Co. now owns 9,538 shares of the construction company’s stock valued at $230,000 after acquiring an additional 200 shares during the period. Bank of Montreal Can grew its position in shares of Louisiana-Pacific Corporation by 349.5% in the 2nd quarter. Bank of Montreal Can now owns 513,274 shares of the construction company’s stock valued at $12,376,000 after acquiring an additional 399,087 shares during the period. Finally, Creative Planning grew its position in shares of Louisiana-Pacific Corporation by 1.9% in the 2nd quarter. Creative Planning now owns 7,773 shares of the construction company’s stock valued at $187,000 after acquiring an additional 147 shares during the period. 93.14% of the stock is owned by institutional investors.
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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