Louisiana-Pacific Given Consensus Recommendation of “Hold” by Brokerages (NYSE:LPX)
Louisiana-Pacific (NYSE:LPX) has earned an average rating of “Hold” from the eleven ratings firms that are covering the company, AnalystRatingsNetwork reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.68.
Louisiana-Pacific (NYSE:LPX) opened at 14.42 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 $13.95 and a 200-day moving average of $15.50. The company has a market cap of $2.039 billion and a price-to-earnings ratio of 379.74.
Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data 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. On average, analysts predict that Louisiana-Pacific will post $-0.16 earnings per share for the current fiscal year.
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.
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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