Louisiana-Pacific Corp. Downgraded to “Underperform” at Zacks (LPX)
Louisiana-Pacific Corp. (NYSE:LPX) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Monday, ARN reports. They currently have a $17.10 target price on the stock. Zacks‘ price objective would indicate a potential downside of 4.74% from the company’s current price.
Louisiana-Pacific Corp. (NYSE:LPX) traded down 0.66% on Monday, hitting $17.95. The stock had a trading volume of 3,987,412 shares. Louisiana-Pacific Corp. has a 52 week low of $14.51 and a 52 week high of $22.55. The stock’s 50-day moving average is $17. and its 200-day moving average is $16.99. The company has a market cap of $2.524 billion and a price-to-earnings ratio of 14.71.
Louisiana-Pacific Corp. (NYSE:LPX) last released its earnings data on Thursday, February 13th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.09. The company had revenue of $480.00 million for the quarter, compared to the consensus estimate of $456.49 million. During the same quarter last year, the company posted $0.18 earnings per share. Louisiana-Pacific Corp.’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Louisiana-Pacific Corp. will post $0.94 EPS for the current fiscal year.
Separately, analysts at Salman Partners downgraded shares of Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. They now have a $17.00 price target on the stock, down previously from $18.50. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.32.
Louisiana-Pacific Corporation is a manufacturer of building products. The Company operates in four segments: North America Oriented Strand Board (NYSE:LPX); Siding; Engineered Wood Products (EWP), and South America.
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