Investors Buy Large Volume of Louisiana-Pacific Call Options (LPX)
Shares of Louisiana-Pacific (NYSE:LPX) were the target of unusually large options trading on Friday. Stock investors acquired 636 call options on the stock, AnalystRatings.NET reports. This is an increase of approximately 268% compared to the average volume of 173 call options.
LPX has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Louisiana-Pacific from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $10.80 price target on the stock. Separately, analysts at Longbow Research reiterated a “buy” rating on shares of Louisiana-Pacific in a research note on Wednesday. They now have a $17.00 price target on the stock, down previously from $20.00. Finally, analysts at RBC Capital cut their price target on shares of Louisiana-Pacific from $16.00 to $14.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $16.07.
Louisiana-Pacific (NYSE:LPX) traded up 2.61% during mid-day trading on Friday, hitting $13.38. 2,832,477 shares of the company’s stock traded hands. Louisiana-Pacific has a 52-week low of $12.71 and a 52-week high of $18.96. The stock’s 50-day moving average is $14.25 and its 200-day moving average is $15.77. The company has a market cap of $1.892 billion and a price-to-earnings ratio of 343.16.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $519.00 million for the quarter, compared to the consensus estimate of $497.91 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 8.5% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post $0.06 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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