Louisiana-Pacific (NYSE:LPX) Price Target Cut to $86.00 by Analysts at Barclays

Louisiana-Pacific (NYSE:LPX) had its price target cut by Barclays from $88.00 to $86.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the building manufacturing company’s stock.

LPX has been the topic of a number of other reports. Wolfe Research started coverage on shares of Louisiana-Pacific in a research note on Thursday, September 10th. They issued an “outperform” rating and a $90.00 price target on the stock. DA Davidson reiterated a “buy” rating and set a $99.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, September 2nd. TD increased their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $78.83 on Wednesday. The stock’s 50-day simple moving average is $68.67 and its 200 day simple moving average is $75.18. The firm has a market capitalization of $5.51 billion, a PE ratio of 80.44, a price-to-earnings-growth ratio of 5.74 and a beta of 1.67. The company has a quick ratio of 1.67, a current ratio of 2.75 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a twelve month low of $62.18 and a twelve month high of $100.34.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.18. The firm had revenue of $690.00 million for the quarter, compared to analysts’ expectations of $671.27 million. Louisiana-Pacific had a return on equity of 4.84% and a net margin of 2.72%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. On average, analysts anticipate that Louisiana-Pacific will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently modified their holdings of LPX. BlackRock Inc. purchased a new stake in shares of Louisiana-Pacific in the second quarter valued at about $506,638,000. Berkshire Hathaway Inc purchased a new stake in shares of Louisiana-Pacific in the second quarter worth about $445,593,000. Dimensional Fund Advisors LP grew its position in Louisiana-Pacific by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock worth $119,279,000 after buying an additional 15,232 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its position in shares of Louisiana-Pacific by 36.8% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock valued at $119,709,000 after acquiring an additional 409,300 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Louisiana-Pacific during the second quarter worth about $43,845,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific News Roundup

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: Louisiana-Pacific reported Q3 earnings of $0.39 per share, well above the $0.21 consensus estimate, and revenue of $690 million, ahead of the $671.3 million expected and up 4.2% year over year. Record siding sales of $473 million provided another encouraging data point. The earnings beat is the primary positive catalyst for LPX shares. Louisiana-Pacific beats Q3 earnings and revenue estimates
• Positive Sentiment: Royal Bank of Canada raised its price target from $84 to $85 and reiterated an “outperform” rating, signaling continued confidence in the shares. RBC stock recommendations
• Negative Sentiment: Barclays cut its target from $88 to $86, and Truist lowered its target from $89 to $84. Both firms maintained positive ratings—“overweight” and “buy,” respectively—but the reductions temper the outlook and suggest more measured expectations. Truist trims its Louisiana-Pacific price target

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.