Louisiana-Pacific (NYSE:LPX) has been assigned a $32.00 target price by investment analysts at Stephens in a note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the construction company’s stock. Stephens’ target price suggests a potential upside of 6.42% from the stock’s current price.

Several other equities analysts also recently weighed in on LPX. Zacks Investment Research raised Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, October 18th. Royal Bank of Canada reissued a “buy” rating and set a $37.00 target price on shares of Louisiana-Pacific in a research report on Monday, October 30th. Vertical Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Bank of America raised Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets set a $25.00 target price on Louisiana-Pacific and gave the company a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.71.

Louisiana-Pacific (LPX) opened at $30.07 on Tuesday. The firm has a market capitalization of $4,360.00, a P/E ratio of 14.53, a PEG ratio of 2.74 and a beta of 1.62. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24. Louisiana-Pacific has a 12-month low of $22.07 and a 12-month high of $31.07.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, February 13th. The construction company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.15. The firm had revenue of $710.60 million for the quarter, compared to the consensus estimate of $654.26 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. analysts forecast that Louisiana-Pacific will post 2.21 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its position in Louisiana-Pacific by 1.0% in 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 acquiring an additional 56 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in Louisiana-Pacific in the 3rd quarter valued at $202,000. MANA Advisors LLC bought a new position in Louisiana-Pacific in the 4th quarter valued at $209,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Louisiana-Pacific by 43.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock valued at $215,000 after acquiring an additional 2,481 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in Louisiana-Pacific in the 4th quarter valued at $225,000. 92.31% of the stock is currently owned by institutional investors.

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Louisiana-Pacific Company Profile

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)

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