LSC Communications Inc (LKSD) Receives Average Rating of “Hold” from Analysts
Shares of LSC Communications Inc (NASDAQ:LKSD) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $24.00.
A number of research analysts have issued reports on the stock. Bank of America Corporation assumed coverage on shares of LSC Communications in a report on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 target price for the company. Zacks Investment Research raised shares of LSC Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. J P Morgan Chase & Co began coverage on shares of LSC Communications in a report on Friday, July 21st. They issued a “neutral” rating for the company. Finally, Citigroup Inc. began coverage on shares of LSC Communications in a research note on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price objective for the company.
Shares of LSC Communications (LKSD) opened at 16.37 on Friday. The stock has a market capitalization of $571.17 million and a price-to-earnings ratio of 10.76. The firm’s 50-day moving average price is $17.45 and its 200 day moving average price is $21.78. LSC Communications has a 1-year low of $15.07 and a 1-year high of $37.40.
LSC Communications (NASDAQ:LKSD) last issued its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.09. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The company had revenue of $848 million during the quarter, compared to analysts’ expectations of $876.38 million. The firm’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts expect that LSC Communications will post $2.15 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.11%.
In other LSC Communications news, Director Shivan S. Subramaniam acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $17.18 per share, with a total value of $85,900.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of LSC Communications by 59.1% during the 2nd quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock worth $100,603,000 after purchasing an additional 1,746,936 shares in the last quarter. Vanguard Group Inc. boosted its position in LSC Communications by 43.0% during the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock worth $94,891,000 after acquiring an additional 1,333,143 shares during the last quarter. Bank of New York Mellon Corp boosted its position in LSC Communications by 12.1% during the second quarter. Bank of New York Mellon Corp now owns 1,129,140 shares of the company’s stock worth $24,164,000 after acquiring an additional 121,904 shares during the last quarter. Nuveen Asset Management LLC boosted its position in LSC Communications by 91.7% during the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock worth $21,252,000 after acquiring an additional 404,126 shares during the last quarter. Finally, State Street Corp boosted its position in LSC Communications by 34.5% during the second quarter. State Street Corp now owns 838,168 shares of the company’s stock worth $17,941,000 after acquiring an additional 214,943 shares during the last quarter.
About LSC Communications
LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.
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