ValuEngine Downgrades Louisiana-Pacific (NYSE:LPX) to Hold

Louisiana-Pacific (NYSE:LPX) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets upgraded shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $26.00 to $28.00 in a research report on Friday, June 14th. TD Securities reduced their price target on shares of Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a research report on Friday, August 2nd. Longbow Research downgraded shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $30.00 price target on shares of Louisiana-Pacific in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $28.84.

LPX stock opened at $24.89 on Thursday. The firm has a 50 day moving average of $24.07 and a 200-day moving average of $24.55. Louisiana-Pacific has a 12-month low of $20.39 and a 12-month high of $27.15. The company has a current ratio of 3.62, a quick ratio of 2.34 and a debt-to-equity ratio of 0.28. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 9.08 and a beta of 1.42.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Tuesday, August 6th. The building manufacturing company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.14). Louisiana-Pacific had a net margin of 7.41% and a return on equity of 11.70%. The company had revenue of $588.00 million for the quarter, compared to analyst estimates of $641.63 million. During the same quarter in the previous year, the business posted $1.11 earnings per share. Louisiana-Pacific’s revenue was down 27.5% on a year-over-year basis. Sell-side analysts forecast that Louisiana-Pacific will post 0.7 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Coastal Capital Group Inc. acquired a new position in shares of Louisiana-Pacific during the 2nd quarter worth approximately $27,000. Price Wealth Management Inc. acquired a new position in shares of Louisiana-Pacific during the 2nd quarter worth approximately $84,000. Prestige Wealth Management Group LLC acquired a new position in shares of Louisiana-Pacific during the 2nd quarter worth approximately $113,000. TRUE Private Wealth Advisors acquired a new position in shares of Louisiana-Pacific during the 2nd quarter worth approximately $166,000. Finally, Cerebellum GP LLC acquired a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $188,000. Institutional investors own 97.25% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

Further Reading: SEC Filing

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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