Louisiana-Pacific (NYSE:LPX) Raised to “Hold” at Wall Street Zen

Louisiana-Pacific (NYSE:LPX) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also issued reports on LPX. TD increased their target price on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada lifted their price target on shares of Louisiana-Pacific from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price target on shares of Louisiana-Pacific in a research report on Wednesday. Bank of America cut their price target on Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Finally, Oppenheimer reduced their price target on Louisiana-Pacific from $107.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday, October 26th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.27.

Louisiana-Pacific Stock Up 0.2%

LPX stock opened at $75.53 on Friday. Louisiana-Pacific has a fifty-two week low of $62.18 and a fifty-two week high of $100.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.75 and a quick ratio of 1.54. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 77.07, a PEG ratio of 6.34 and a beta of 1.67. The business’s fifty day moving average price is $68.88 and its two-hundred day moving average price is $75.01.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. Louisiana-Pacific had a net margin of 2.72% and a return on equity of 4.84%. The business had revenue of $691.00 million for the quarter, compared to analyst estimates of $671.27 million. During the same period last year, the firm earned $0.36 earnings per share. Louisiana-Pacific’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Louisiana-Pacific will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Louisiana-Pacific

A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of Louisiana-Pacific by 21.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 201,348 shares of the building manufacturing company’s stock valued at $12,999,000 after purchasing an additional 35,898 shares during the last quarter. AlphaCore Capital LLC acquired a new position in Louisiana-Pacific during the 3rd quarter worth approximately $338,000. Retirement Systems of Alabama increased its position in Louisiana-Pacific by 0.9% during the 3rd quarter. Retirement Systems of Alabama now owns 66,352 shares of the building manufacturing company’s stock worth $4,283,000 after purchasing an additional 595 shares in the last quarter. Fulcrum Asset Management LLP lifted its stake in Louisiana-Pacific by 202.2% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,822 shares of the building manufacturing company’s stock valued at $120,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Ethic Inc. lifted its stake in Louisiana-Pacific by 160.9% in the 3rd quarter. Ethic Inc. now owns 11,300 shares of the building manufacturing company’s stock valued at $729,000 after purchasing an additional 6,969 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Louisiana-Pacific

Louisiana-Pacific Corporation (LP) manufactures building products for residential construction, repair and remodeling, and light commercial markets. Its portfolio includes engineered wood siding and trim, oriented strand board (OSB) panels, and other structural and specialty building products.

The company’s products include LP SmartSide siding and trim, LP OSB sheathing, and solutions designed for applications such as radiant heat control and fire-rated construction. LP serves customers primarily in North America and also has operations in South America.

Founded in 1972, Louisiana-Pacific helped develop and expand the use of engineered wood products in construction.