Louisiana-Pacific Coverage Initiated by Analysts at Dundee Securities (LPX)
Investment analysts at Dundee Securities started coverage on shares of Louisiana-Pacific (NYSE:LPX) in a note issued to investors on Tuesday. The firm set a “sell” rating and a $13.00 price target on the stock. Dundee Securities’ price target indicates a potential downside of 11.80% from the company’s current price.
Louisiana-Pacific (NYSE:LPX) traded down 2.24% on Tuesday, hitting $14.41. The stock had a trading volume of 520,187 shares. Louisiana-Pacific has a 52 week low of $13.73 and a 52 week high of $18.96. The stock’s 50-day moving average is $14.56 and its 200-day moving average is $16.44. The company has a market cap of $2.034 billion and a price-to-earnings ratio of 21.55.
Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data 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 $0.36 EPS for the current fiscal year.
A number of other firms have also recently commented on LPX. 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Louisiana-Pacific has an average rating of “Hold” and a consensus target price of $17.94.
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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