Louisiana-Pacific Co. (NYSE:LPX)‘s stock had its “buy” rating reissued by research analysts at Royal Bank of Canada in a research note issued on Tuesday. They presently have a $32.00 price objective on the construction company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 40.29% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. TD Securities reissued a “hold” rating on shares of Louisiana-Pacific in a report on Tuesday, May 9th. DA Davidson lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. Buckingham Research lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Wednesday, April 12th. They noted that the move was a valuation call. Finally, Vertical Research lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.40.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

Louisiana-Pacific (NYSE:LPX) traded down 1.00% during trading on Tuesday, hitting $22.81. The stock had a trading volume of 1,576,178 shares. The firm has a 50 day moving average of $24.95 and a 200-day moving average of $22.12. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 17.06 and a beta of 1.14. Louisiana-Pacific has a 12 month low of $15.74 and a 12 month high of $26.92.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Friday, May 5th. The construction company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $611 million for the quarter, compared to analyst estimates of $607.21 million. Louisiana-Pacific had a net margin of 6.71% and a return on equity of 11.56%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. Equities analysts predict that Louisiana-Pacific will post $1.68 earnings per share for the current year.

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Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Louisiana-Pacific by 24,793.7% in the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock valued at $409,068,000 after buying an additional 16,415,153 shares during the last quarter. Vanguard Group Inc. raised its stake in Louisiana-Pacific by 16.2% in the first quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock valued at $327,572,000 after buying an additional 1,835,706 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Louisiana-Pacific by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,698,756 shares of the construction company’s stock valued at $116,621,000 after buying an additional 86,021 shares during the last quarter. State Street Corp raised its stake in Louisiana-Pacific by 2.6% in the first quarter. State Street Corp now owns 4,447,534 shares of the construction company’s stock valued at $110,384,000 after buying an additional 113,961 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Louisiana-Pacific by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 3,205,437 shares of the construction company’s stock valued at $79,558,000 after buying an additional 305,393 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

About Louisiana-Pacific

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

12 Month Chart for NYSE:LPX

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