LSC Communications Inc (LKSD) Upgraded at BidaskClub

BidaskClub upgraded shares of LSC Communications Inc (NASDAQ:LKSD) from a strong sell rating to a sell rating in a report released on Friday morning.

Several other brokerages also recently issued reports on LKSD. Zacks Investment Research upgraded shares of LSC Communications from a strong sell rating to a hold rating in a research note on Tuesday, October 10th. Citigroup Inc. downgraded shares of LSC Communications from a neutral rating to a sell rating in a research note on Friday, September 29th. Finally, J P Morgan Chase & Co started coverage on shares of LSC Communications in a research note on Friday, July 21st. They issued a neutral rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. LSC Communications currently has an average rating of Hold and an average target price of $24.00.

LSC Communications (NASDAQ:LKSD) traded down 3.49% during midday trading on Friday, reaching $16.58. 55,937 shares of the company’s stock traded hands. The firm’s 50-day moving average is $16.76 and its 200 day moving average is $19.68. LSC Communications has a 52-week low of $15.05 and a 52-week high of $30.74. The firm has a market cap of $578.49 million and a PE ratio of 10.90.

LSC Communications (NASDAQ:LKSD) last issued its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.09). The firm had revenue of $848.00 million during the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The company’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts expect that LSC Communications will post $2.15 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 5.82%.

In related news, Director Shivan S. Subramaniam acquired 3,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $16.41 per share, with a total value of $57,435.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of LSC Communications during the second quarter valued at approximately $138,000. Sei Investments Co. raised its holdings in shares of LSC Communications by 53.3% during the second quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock valued at $139,000 after purchasing an additional 2,263 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of LSC Communications by 85.3% during the second quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock valued at $142,000 after purchasing an additional 3,062 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of LSC Communications by 32.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock valued at $172,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of LSC Communications during the second quarter valued at approximately $205,000.

LSC Communications Company Profile

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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