Louisiana-Pacific Co. (NYSE:LPX) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

LPX has been the subject of a number of other reports. Zacks Investment Research raised shares of Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research report on Saturday, February 11th. Royal Bank of Canada reissued a “top pick” rating and issued a $26.00 price objective (up from $25.00) on shares of Louisiana-Pacific in a research report on Thursday, February 9th. DA Davidson cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. TD Securities reissued a “hold” rating on shares of Louisiana-Pacific in a research report on Tuesday, May 9th. Finally, Buckingham Research cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Wednesday, April 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $26.40.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

Louisiana-Pacific (NYSE:LPX) traded down 0.57% on Thursday, hitting $22.63. The stock had a trading volume of 713,334 shares. Louisiana-Pacific has a one year low of $15.74 and a one year high of $26.92. The company’s 50-day moving average price is $24.87 and its 200 day moving average price is $22.13. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 16.93 and a beta of 1.14.

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

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Several large investors have recently modified their holdings of LPX. Acrospire Investment Management LLC raised its stake in shares of Louisiana-Pacific by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock worth $192,000 after buying an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Louisiana-Pacific by 1.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 24,871 shares of the construction company’s stock worth $617,000 after buying an additional 360 shares during the period. Fortaleza Asset Management Inc. raised its stake in shares of Louisiana-Pacific by 8.2% in the fourth quarter. Fortaleza Asset Management Inc. now owns 6,890 shares of the construction company’s stock worth $130,000 after buying an additional 520 shares during the period. First Midwest Bank Trust Division raised its stake in shares of Louisiana-Pacific by 3.1% in the first quarter. First Midwest Bank Trust Division now owns 17,992 shares of the construction company’s stock worth $447,000 after buying an additional 536 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Louisiana-Pacific by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 65,910 shares of the construction company’s stock worth $1,636,000 after buying an additional 560 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Louisiana-Pacific Company Profile

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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