Louisiana-Pacific Corporation (NYSE:LPX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company’s products are used by homebuilders and light commercial builders. Louisiana-Pacific’s products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, laminated veneer lumber, laminated strand lumber and interior decorative moulding. “

A number of other analysts have also issued reports on LPX. BidaskClub lowered Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and set a $22.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. TD Securities reiterated a “hold” rating on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 9th. Finally, Buckingham Research lowered Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Wednesday, April 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $27.00.

Shares of Louisiana-Pacific Corporation (NYSE:LPX) opened at 24.48 on Friday. The firm has a market cap of $3.54 billion, a P/E ratio of 13.94 and a beta of 1.34. Louisiana-Pacific Corporation has a 12-month low of $17.08 and a 12-month high of $26.92. The stock has a 50 day moving average price of $24.69 and a 200 day moving average price of $23.74.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.03. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The firm had revenue of $694 million for the quarter, compared to analysts’ expectations of $700.73 million. During the same period in the prior year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. On average, equities analysts expect that Louisiana-Pacific Corporation will post $1.78 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the company. Advisors Preferred LLC raised its position in shares of Louisiana-Pacific Corporation by 2,723.0% in the second quarter. Advisors Preferred LLC now owns 4,291 shares of the construction company’s stock worth $103,000 after buying an additional 4,139 shares in the last quarter. US Bancorp DE raised its position in shares of Louisiana-Pacific Corporation by 6.9% in the second quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock worth $149,000 after buying an additional 400 shares in the last quarter. Creative Planning raised its position in shares of Louisiana-Pacific Corporation by 1.9% in the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock worth $187,000 after buying an additional 147 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Louisiana-Pacific Corporation 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 in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Louisiana-Pacific Corporation during the second quarter worth $210,000. Institutional investors and hedge funds own 94.31% of the company’s stock.

Louisiana-Pacific Corporation 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.

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Analyst Recommendations for Louisiana-Pacific Corporation (NYSE:LPX)

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