Shares of LSC Communications Inc (NASDAQ:LKSD) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.00.
Several brokerages have commented on LKSD. J P Morgan Chase & Co began coverage on LSC Communications in a research note on Friday, July 21st. They issued a “neutral” rating for the company. Zacks Investment Research upgraded LSC Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Citigroup Inc. began coverage on LSC Communications in a research note on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Bank of America Corporation began coverage on LSC Communications in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 target price for the company.
In other LSC Communications news, Director Shivan S. Subramaniam purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of $17.18 per share, for a total transaction of $85,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Several hedge funds have recently modified their holdings of LKSD. BlackRock Inc. increased its stake in shares of LSC Communications by 59.1% in the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock worth $100,603,000 after buying an additional 1,746,936 shares during the period. Nuveen Asset Management LLC increased its stake in shares of LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock worth $21,252,000 after buying an additional 404,126 shares during the period. Ameriprise Financial Inc. increased its stake in shares of LSC Communications by 81.5% in the second quarter. Ameriprise Financial Inc. now owns 309,295 shares of the company’s stock worth $6,618,000 after buying an additional 138,842 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of LSC Communications by 127.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 231,396 shares of the company’s stock worth $4,952,000 after buying an additional 129,773 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of LSC Communications by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 1,129,140 shares of the company’s stock worth $24,164,000 after buying an additional 121,904 shares during the period.
LSC Communications (LKSD) traded up 1.8065% on Friday, reaching $16.5232. The company had a trading volume of 92,946 shares. The stock has a market capitalization of $576.51 million and a P/E ratio of 10.8634. The stock’s 50-day moving average price is $20.41 and its 200-day moving average price is $23.36. LSC Communications has a 12-month low of $15.08 and a 12-month high of $37.40.
LSC Communications (NASDAQ:LKSD) last issued its earnings results on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.68 by $0.09. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The company had revenue of $848 million during the quarter, compared to the consensus estimate of $876.38 million. The business’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities research analysts anticipate that LSC Communications will post $2.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.07%.
About LSC Communications
LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.
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