Louisiana-Pacific Corporation (NYSE:LPX) has received an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $26.33.
LPX has been the topic of several research analyst reports. ValuEngine upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Royal Bank of Canada restated a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 23rd. BidaskClub upgraded shares of Louisiana-Pacific Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Vertical Research cut shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Zacks Investment Research cut shares of Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th.
Louisiana-Pacific Corporation (LPX) traded up 0.21% during trading on Friday, reaching $24.14. 1,638,084 shares of the company’s stock traded hands. Louisiana-Pacific Corporation has a 52-week low of $15.74 and a 52-week high of $26.92. The company’s 50 day moving average is $23.69 and its 200-day moving average is $22.57. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 18.06 and a beta of 1.40.
Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings results on Friday, May 5th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Louisiana-Pacific Corporation had a net margin of 8.31% and a return on equity of 14.34%. The firm had revenue of $611 million for the quarter, compared to the consensus estimate of $607.21 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts anticipate that Louisiana-Pacific Corporation will post $1.68 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fortaleza Asset Management Inc. boosted its position in Louisiana-Pacific Corporation by 8.2% in the fourth quarter. Fortaleza Asset Management Inc. now owns 6,890 shares of the construction company’s stock valued at $130,000 after buying an additional 520 shares during the period. Elkfork Partners LLC acquired a new position in shares of Louisiana-Pacific Corporation during the fourth quarter worth approximately $180,000. Acrospire Investment Management LLC boosted its position in shares of Louisiana-Pacific Corporation by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock worth $192,000 after buying an additional 60 shares during the last quarter. Breton Hill Capital Ltd. acquired a new position in shares of Louisiana-Pacific Corporation during the first quarter worth approximately $221,000. Finally, World Asset Management Inc acquired a new position in shares of Louisiana-Pacific Corporation during the first quarter worth approximately $222,000. Institutional investors own 93.56% of the company’s stock.
Louisiana-Pacific Corporation Company Profile
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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