Stock Traders Purchase Large Volume of Louisiana-Pacific Put Options (LPX)
Shares of Louisiana-Pacific (NYSE:LPX) were the target of some unusual options trading activity on Tuesday. Stock traders acquired 1,040 put options on the stock, Stock Ratings Network reports. This represents an increase of approximately 210% compared to the average volume of 335 put options.
A number of research firms have recently commented on LPX. Analysts at Zacks downgraded shares of Louisiana-Pacific from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. 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, August 6th. 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, August 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.07.
Louisiana-Pacific (NYSE:LPX) traded down 1.83% on Tuesday, hitting $13.42. 1,969,359 shares of the company’s stock traded hands. Louisiana-Pacific has a one year low of $12.71 and a one year high of $18.96. The stock has a 50-day moving average of $14.18 and a 200-day moving average of $15.72. The company has a market cap of $1.898 billion and a price-to-earnings ratio of 359.74.
Louisiana-Pacific (NYSE:LPX) last released its earnings data on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 8.5% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post $-0.11 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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