Louisiana-Pacific Now Covered by ISI Group (LPX)
Analysts at ISI Group started coverage on shares of Louisiana-Pacific (NYSE:LPX) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating and a $13.00 price target on the stock. ISI Group’s price target points to a potential downside of 11.80% from the company’s current price.
A number of other firms have also recently commented on LPX. Analysts at Dundee Securities initiated coverage on shares of Louisiana-Pacific in a research note on Tuesday. They set a “sell” rating and a $13.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.49.
Louisiana-Pacific (NYSE:LPX) traded down 2.27% on Tuesday, hitting $14.405. The stock had a trading volume of 670,013 shares. Louisiana-Pacific has a one year low of $13.73 and a one year high of $18.96. The stock has a 50-day moving average of $14.56 and a 200-day moving average of $16.44. The company has a market cap of $2.033 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.
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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