LSC Communications (LKSD) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of LSC Communications (NYSE:LKSD) from a hold rating to a buy rating in a research note released on Wednesday. The firm currently has $11.00 price objective on the stock.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

A number of other equities research analysts have also recently weighed in on LKSD. ValuEngine upgraded LSC Communications from a strong sell rating to a sell rating in a research note on Thursday, August 9th. Buckingham Research dropped their price target on LSC Communications from $22.00 to $19.00 and set a buy rating on the stock in a research note on Thursday, November 1st. Finally, Citigroup dropped their price target on LSC Communications from $14.00 to $11.00 and set a neutral rating on the stock in a research note on Friday, November 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. LSC Communications has a consensus rating of Hold and an average price target of $14.40.

LKSD traded down $0.02 during trading hours on Wednesday, reaching $10.44. The company’s stock had a trading volume of 739,201 shares, compared to its average volume of 976,137. LSC Communications has a 52 week low of $7.78 and a 52 week high of $18.64. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 3.06. The stock has a market cap of $340.39 million, a PE ratio of 5.30, a price-to-earnings-growth ratio of -2.47 and a beta of 0.14.

LSC Communications (NYSE:LKSD) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.12). LSC Communications had a negative net margin of 1.67% and a positive return on equity of 23.53%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $971.00 million. During the same quarter last year, the company posted $0.73 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that LSC Communications will post 2.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Thursday, November 15th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 9.96%. The ex-dividend date of this dividend is Wednesday, November 14th. LSC Communications’s dividend payout ratio is 52.79%.

A number of hedge funds and other institutional investors have recently modified their holdings of LKSD. Tower Research Capital LLC TRC acquired a new position in LSC Communications in the 2nd quarter valued at $110,000. Piedmont Investment Advisors LLC acquired a new stake in shares of LSC Communications during the 2nd quarter worth $122,000. Stone Ridge Asset Management LLC acquired a new stake in shares of LSC Communications during the 3rd quarter worth $153,000. Russell Investments Group Ltd. grew its holdings in shares of LSC Communications by 83.9% during the 1st quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock worth $173,000 after purchasing an additional 4,507 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of LSC Communications during the 2nd quarter worth $191,000. 85.01% of the stock is currently owned by hedge funds and other institutional investors.

LSC Communications Company Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

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