Louisiana-Pacific (NYSE:LPX) Stock Price Target Raised at Royal Bank Of Canada

Louisiana-Pacific (NYSE:LPX – Get Free Report) had its price objective hoisted by analysts at Royal Bank Of Canada from $84.00 to $85.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the building manufacturing company’s stock. Royal Bank Of Canada‘s target price points to a potential upside of 9.78% from the stock’s previous close.

A number of other research firms also recently weighed in on LPX. Jefferies Financial Group reaffirmed a “buy” rating and issued a $90.00 price target on shares of Louisiana-Pacific in a research note on Wednesday. TD lifted their price objective on Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Wolfe Research began coverage on Louisiana-Pacific in a research note on Thursday, September 10th. They issued an “outperform” rating and a $90.00 target price on the stock. Oppenheimer cut their price target on Louisiana-Pacific from $107.00 to $104.00 and set an “outperform” rating for the company in a research note on Monday, October 26th. Finally, DA Davidson reiterated a “buy” rating and set a $99.00 price target on shares of Louisiana-Pacific in a report on Wednesday, September 2nd. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific has a consensus rating of “Moderate Buy” and an average price target of $88.67.

View Our Latest Report on LPX

Louisiana-Pacific Trading Up 4.9%

Shares of NYSE:LPX traded up $3.63 during mid-day trading on Wednesday, hitting $77.42. The stock had a trading volume of 539,272 shares, compared to its average volume of 1,156,802. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. The company has a market cap of $5.41 billion, a PE ratio of 97.73, a P/E/G ratio of 5.88 and a beta of 1.67. Louisiana-Pacific has a 12-month low of $62.18 and a 12-month high of $100.34. The company’s 50 day moving average is $68.54 and its 200-day moving average is $75.25.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.18. The firm had revenue of $690.00 million for the quarter, compared to analyst estimates of $671.27 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. Louisiana-Pacific’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, sell-side analysts predict that Louisiana-Pacific will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Louisiana-Pacific in the second quarter valued at about $506,638,000. Berkshire Hathaway Inc acquired a new position in shares of Louisiana-Pacific during the second quarter worth approximately $445,593,000. Maple Rock Capital Partners Inc. grew its stake in shares of Louisiana-Pacific by 36.8% during the second 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 purchasing an additional 409,300 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Louisiana-Pacific by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock valued at $119,279,000 after purchasing an additional 15,232 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at approximately $43,845,000. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific News Roundup

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

Louisiana-Pacific Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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