Quad Graphics (NYSE:QUAD) Stock Rating Upgraded by Zacks Research

Quad Graphics (NYSE:QUAD) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

QUAD has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quad Graphics in a research report on Friday, July 24th. Benchmark lifted their target price on shares of Quad Graphics from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Rosenblatt Securities upped their target price on shares of Quad Graphics from $9.80 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $12.00.

Quad Graphics Stock Down 3.2%

QUAD stock opened at $10.50 on Monday. The business has a 50 day moving average of $8.22 and a 200 day moving average of $7.35. The firm has a market cap of $541.48 million, a PE ratio of 16.67 and a beta of 1.11. Quad Graphics has a twelve month low of $5.12 and a twelve month high of $11.15. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 2.81.

Quad Graphics (NYSE:QUAD) last released its earnings results on Tuesday, July 28th. The business services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Quad Graphics had a return on equity of 47.90% and a net margin of 1.31%.The business had revenue of $577.50 million for the quarter, compared to the consensus estimate of $545.15 million. On average, research analysts forecast that Quad Graphics will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new stake in Quad Graphics in the first quarter worth approximately $2,101,000. Jones Financial Companies Lllp lifted its holdings in shares of Quad Graphics by 1,135.6% during the 1st quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider’s stock valued at $103,000 after buying an additional 17,408 shares during the period. Empowered Funds LLC boosted its stake in shares of Quad Graphics by 7.3% in the 1st quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider’s stock worth $1,718,000 after buying an additional 21,448 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Quad Graphics in the 1st quarter worth $144,000. Finally, Geode Capital Management LLC boosted its position in Quad Graphics by 0.3% in the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock worth $3,977,000 after purchasing an additional 1,837 shares during the last quarter. 39.52% of the stock is owned by hedge funds and other institutional investors.

About Quad Graphics

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.