Royal Bank Of Canada Has Lowered Expectations for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price target lowered by stock analysts at Royal Bank Of Canada from $114.00 to $104.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the building manufacturing company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 35.09% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. DA Davidson reissued a “buy” rating and set a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, September 25th. Truist Financial cut their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Vertical Research began coverage on Louisiana-Pacific in a report on Monday, October 20th. They set a “buy” rating on the stock. Finally, Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $110.67.

Louisiana-Pacific Stock Down 1.5%

Shares of NYSE:LPX traded down $1.20 during mid-day trading on Thursday, reaching $76.99. 402,301 shares of the stock were exchanged, compared to its average volume of 762,860. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.36 billion, a P/E ratio of 18.16 and a beta of 1.80. Louisiana-Pacific has a one year low of $76.37 and a one year high of $122.87. The stock’s 50 day simple moving average is $90.79 and its 200-day simple moving average is $90.84.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. During the same period last year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, equities research analysts predict that Louisiana-Pacific will post 5.27 EPS for the current year.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the sale, the director directly owned 29,728 shares in the company, valued at $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds have recently modified their holdings of the business. Chung Wu Investment Group LLC purchased a new stake in Louisiana-Pacific in the 2nd quarter worth $26,000. North Ridge Wealth Advisors Inc. bought a new position in shares of Louisiana-Pacific during the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Louisiana-Pacific in the second quarter valued at approximately $34,000. RMG Wealth Management LLC purchased a new position in shares of Louisiana-Pacific in the second quarter worth $44,000. Finally, Versant Capital Management Inc raised its holdings in shares of Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.