Quad Graphics (NYSE:QUAD) Price Target Cut to $8.20 by Analysts at Rosenblatt Securities

Quad Graphics (NYSE:QUAD) had its price target cut by Rosenblatt Securities from $8.60 to $8.20 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Barrington Research reaffirmed an “outperform” rating and set a $10.00 target price on shares of Quad Graphics in a research note on Tuesday, July 29th. Zacks Research cut shares of Quad Graphics from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen cut shares of Quad Graphics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Quad Graphics in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.10.

Quad Graphics Trading Up 1.9%

Shares of QUAD opened at $5.42 on Thursday. Quad Graphics has a 52-week low of $4.50 and a 52-week high of $9.13. The company has a quick ratio of 0.64, a current ratio of 0.92 and a debt-to-equity ratio of 4.85. The firm’s fifty day moving average is $6.24 and its two-hundred day moving average is $5.84. The stock has a market cap of $273.56 million, a PE ratio of 13.22 and a beta of 1.38.

Quad Graphics (NYSE:QUAD) last announced its earnings results on Tuesday, October 28th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. Quad Graphics had a net margin of 0.82% and a return on equity of 67.10%. The company had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $605.45 million. Research analysts forecast that Quad Graphics will post 1.08 earnings per share for the current fiscal year.

Quad Graphics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 17th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.30 annualized dividend and a dividend yield of 5.5%. Quad Graphics’s payout ratio is presently 73.17%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its position in shares of Quad Graphics by 1,730.1% during the 1st quarter. CWM LLC now owns 5,106 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 4,827 shares during the last quarter. Algert Global LLC purchased a new stake in Quad Graphics in the 1st quarter valued at about $66,000. Nisa Investment Advisors LLC raised its holdings in Quad Graphics by 52,512.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,153 shares of the business services provider’s stock valued at $74,000 after buying an additional 13,128 shares during the period. Evergreen Capital Management LLC purchased a new stake in Quad Graphics in the 2nd quarter valued at about $85,000. Finally, Ieq Capital LLC purchased a new stake in Quad Graphics in the 1st quarter valued at about $92,000. Institutional investors and hedge funds own 39.52% of the company’s stock.

Quad Graphics Company Profile

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.