Louisiana-Pacific Reaches New 12-Month Low on Analyst Downgrade (LPX)
Louisiana-Pacific (NYSE:LPX) hit a new 52-week low on Thursday after TD Securities lowered their price target on the stock from C$16.00 to C$15.00, Analyst Ratings News reports. TD Securities currently has a hold rating on the stock. Louisiana-Pacific traded as low as $13.43 and last traded at $13.54, with a volume of 1,276,855 shares traded. The stock had previously closed at $13.78.
Several other analysts have also recently commented on the stock. 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.13.
The stock’s 50-day moving average is $14.44 and its 200-day moving average is $15.96. The company has a market cap of $1.918 billion and a price-to-earnings ratio of 20.15.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 16.2% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post $0.21 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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