LSC Communications Inc (LKSD) Rating Lowered to Strong Sell at BidaskClub

LSC Communications Inc (NASDAQ:LKSD) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also commented on LKSD. Zacks Investment Research lowered shares of LSC Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 4th. J P Morgan Chase & Co assumed coverage on shares of LSC Communications in a research report on Friday, July 21st. They set a “neutral” rating for the company. Finally, Citigroup Inc. lowered shares of LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.00.

LSC Communications (NASDAQ LKSD) traded down $0.02 on Thursday, reaching $15.71. 342,437 shares of the company’s stock traded hands, compared to its average volume of 266,032. LSC Communications has a 1-year low of $15.05 and a 1-year high of $30.74.

LSC Communications (NASDAQ:LKSD) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $928.67 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year.

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In other LSC Communications news, Director Shivan S. Subramaniam purchased 3,500 shares of LSC Communications stock in a transaction dated Monday, September 11th. The stock was purchased at an average price of $16.41 per share, with a total value of $57,435.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of institutional investors have recently added to or reduced their stakes in LKSD. SG Americas Securities LLC purchased a new stake in LSC Communications in the 2nd quarter worth approximately $138,000. Sei Investments Co. increased its holdings in LSC Communications by 53.3% in the 2nd quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock worth $139,000 after acquiring an additional 2,263 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in LSC Communications by 85.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock worth $142,000 after acquiring an additional 3,062 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in LSC Communications by 32.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock worth $172,000 after acquiring an additional 1,950 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in LSC Communications in the 2nd quarter worth 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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