Louisiana-Pacific Receives Consensus Recommendation of “Hold” from Analysts (NYSE:LPX)
Shares of Louisiana-Pacific (NYSE:LPX) have been given an average rating of “Hold” by the twelve ratings firms that are covering the company, AnalystRatingsNetwork.com reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.07.
Shares of Louisiana-Pacific (NYSE:LPX) opened at 14.58 on Wednesday. Louisiana-Pacific has a 52 week low of $12.71 and a 52 week high of $18.96. The stock has a 50-day moving average of $14.05 and a 200-day moving average of $15.55. The company has a market cap of $2.062 billion and a price-to-earnings ratio of 367.89.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.41 earnings per share. Louisiana-Pacific’s revenue was down 8.5% compared to the same quarter last year. Analysts expect that Louisiana-Pacific will post $-0.16 EPS for the current fiscal year.
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, 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.
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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