BMO Capital Markets Begins Coverage on Louisiana-Pacific (LPX)
Stock analysts at BMO Capital Markets began coverage on shares of Louisiana-Pacific (NYSE:LPX) in a report issued on Wednesday. The firm set an “outperform” rating and a $19.00 price target on the stock. BMO Capital Markets’ target price points to a potential upside of 34.47% from the stock’s previous close.
Shares of Louisiana-Pacific (NYSE:LPX) traded down 1.33% during mid-day trading on Wednesday, hitting $14.13. The stock had a trading volume of 1,195,793 shares. Louisiana-Pacific has a 1-year low of $12.71 and a 1-year high of $18.96. The stock has a 50-day moving average of $13.96 and a 200-day moving average of $15.34. The company has a market cap of $1.998 billion and a price-to-earnings ratio of 376.84.
Louisiana-Pacific (NYSE:LPX) last released its 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. Analysts expect that Louisiana-Pacific will post $-0.16 EPS for the current fiscal year.
LPX has been the subject of a number of other 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. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Louisiana-Pacific currently has an average rating of “Hold” and a consensus price target of $15.98.
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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