Louisiana-Pacific Receives Average Rating of “Hold” from Brokerages (NYSE:LPX)
Louisiana-Pacific (NYSE:LPX) has earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, Stock Ratings Network reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $17.31.
Shares of Louisiana-Pacific (NYSE:LPX) opened at 14.16 on Thursday. Louisiana-Pacific has a 52-week low of $13.73 and a 52-week high of $18.96. The stock has a 50-day moving average of $14.55 and a 200-day moving average of $16.35. The company has a market cap of $1.998 billion and a price-to-earnings ratio of 20.57.
Louisiana-Pacific (NYSE:LPX) last released its earnings data on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.41 earnings per share. Louisiana-Pacific’s revenue was down 16.2% compared to the same quarter last year. Analysts expect that Louisiana-Pacific will post $0.27 EPS for the current fiscal year.
A number of research firms have recently commented on LPX. Analysts at RBC Capital downgraded shares of Louisiana-Pacific from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 9th. They now have a $16.00 price target on the stock, down previously from $18.00. They noted that the move was a valuation call. Separately, analysts at ISI Group initiated coverage on shares of Louisiana-Pacific in a research note on Tuesday, July 8th. They set a “sell” rating and a $13.00 price target on the stock. Finally, analysts at Dundee Securities initiated coverage on shares of Louisiana-Pacific in a research note on Tuesday, July 8th. They set a “sell” rating and a $13.00 price target on the stock.
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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