Quad Graphics (NYSE:QUAD) Given New $13.00 Price Target at Rosenblatt Securities

Quad Graphics (NYSE:QUAD) had its price target raised by investment analysts at Rosenblatt Securities from $9.80 to $13.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 39.51% from the company’s current price.

Several other research firms also recently commented on QUAD. Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a research note on Friday, July 24th. Benchmark assumed coverage on Quad Graphics in a research note on Tuesday, April 7th. They issued a “buy” rating and a $10.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Quad Graphics currently has an average rating of “Moderate Buy” and an average target price of $11.00.

Quad Graphics Stock Up 10.8%

Shares of QUAD opened at $9.32 on Thursday. The stock has a market capitalization of $480.44 million, a PE ratio of 14.79 and a beta of 1.11. Quad Graphics has a 1 year low of $5.01 and a 1 year high of $9.99. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.65 and a current ratio of 0.94. The company’s 50-day simple moving average is $7.97 and its 200-day simple moving average is $7.23.

Quad Graphics (NYSE:QUAD) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $577.50 million during the quarter, compared to analysts’ expectations of $545.15 million. Quad Graphics had a net margin of 1.31% and a return on equity of 48.65%. Analysts forecast that Quad Graphics will post 1.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its holdings in Quad Graphics by 192.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 152,297 shares of the business services provider’s stock worth $955,000 after acquiring an additional 100,197 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Quad Graphics by 50.4% in the 1st quarter. Ritholtz Wealth Management now owns 267,064 shares of the business services provider’s stock valued at $1,765,000 after purchasing an additional 89,505 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Quad Graphics in the 1st quarter valued at $1,672,000. Miller Value Partners LLC lifted its position in shares of Quad Graphics by 4.4% during the 4th quarter. Miller Value Partners LLC now owns 2,737,890 shares of the business services provider’s stock worth $17,167,000 after purchasing an additional 114,415 shares during the last quarter. Finally, Drake & Associates LLC purchased a new stake in shares of Quad Graphics during the 4th quarter worth $157,000. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Quad Graphics Company Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.