Quad Graphics (NYSE:QUAD) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Quad Graphics (NYSE:QUAD) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

QUAD has been the subject of several other reports. Rosenblatt Securities decreased their price target on shares of Quad Graphics from $8.90 to $8.60 and set a “buy” rating for the company in a report on Thursday, July 31st. Wall Street Zen lowered shares of Quad Graphics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Barrington Research restated an “outperform” rating and issued a $10.00 target price on shares of Quad Graphics in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.30.

Quad Graphics Trading Down 2.0%

Shares of NYSE QUAD opened at $6.26 on Monday. Quad Graphics has a one year low of $4.47 and a one year high of $9.13. The firm has a market capitalization of $315.94 million, a PE ratio of -19.56 and a beta of 1.44. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 4.85. The business has a 50-day moving average price of $6.34 and a two-hundred day moving average price of $5.76.

Quad Graphics (NYSE:QUAD) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $571.90 million during the quarter, compared to analyst estimates of $555.05 million. Quad Graphics had a positive return on equity of 70.06% and a negative net margin of 0.55%. As a group, analysts predict that Quad Graphics will post 1.08 earnings per share for the current fiscal year.

Quad Graphics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, August 18th. Quad Graphics’s payout ratio is presently -93.75%.

Institutional Trading of Quad Graphics

A number of institutional investors and hedge funds have recently made changes to their positions in QUAD. Bank of America Corp DE lifted its holdings in Quad Graphics by 33.2% in the 4th quarter. Bank of America Corp DE now owns 36,512 shares of the business services provider’s stock worth $254,000 after purchasing an additional 9,109 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Quad Graphics by 133.5% in the fourth quarter. Millennium Management LLC now owns 88,352 shares of the business services provider’s stock worth $616,000 after buying an additional 50,517 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Quad Graphics by 15.5% in the fourth quarter. Two Sigma Investments LP now owns 148,470 shares of the business services provider’s stock worth $1,035,000 after buying an additional 19,894 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Quad Graphics in the fourth quarter worth $545,000. Finally, GAMMA Investing LLC lifted its stake in shares of Quad Graphics by 442.0% in the first quarter. GAMMA Investing LLC now owns 66,534 shares of the business services provider’s stock worth $363,000 after buying an additional 54,259 shares during the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

About Quad Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.