Louisiana-Pacific Hits New 52-Week Low at $13.73 (LPX)
Louisiana-Pacific (NYSE:LPX) shares hit a new 52-week low during trading on Thursday , StockRatingsNetwork.com reports. The stock traded as low as $13.73 and last traded at $13.99, with a volume of 1,386,049 shares. The stock had previously closed at $13.90.
A number of analysts have recently weighed in on LPX shares. Analysts at Goldman Sachs initiated coverage on shares of Louisiana-Pacific in a research note on Friday, May 30th. They set a “neutral” rating and a $16.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Louisiana-Pacific in a research note on Monday, May 19th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at TD Securities cut their price target on shares of Louisiana-Pacific from $18.00 to $17.00 in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $18.97.
The stock has a 50-day moving average of $15.19 and a 200-day moving average of $16.69. The company has a market cap of $1.955 billion and a price-to-earnings ratio of 20.32.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $445.00 million for the quarter, compared to the consensus estimate of $464.80 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post $0.43 EPS for the current fiscal year.
In other Louisiana-Pacific news, EVP Richard S. Olszewski sold 25,000 shares of Louisiana-Pacific stock on the open market in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $14.50, for a total value of $362,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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.