LSC Communications Inc (NASDAQ:LKSD) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.

LKSD has been the topic of several other research reports. J P Morgan Chase & Co began coverage on LSC Communications in a research note on Friday, July 21st. They issued a “neutral” rating on the stock. Citigroup Inc. lowered LSC Communications from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th. Finally, Zacks Investment Research lowered LSC Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.00.

LSC Communications (NASDAQ:LKSD) traded down 1.72% during midday trading on Friday, reaching $17.18. The company’s stock had a trading volume of 216,303 shares. The firm has a market capitalization of $599.43 million and a PE ratio of 11.30. The firm has a 50 day moving average price of $16.76 and a 200 day moving average price of $19.68. LSC Communications has a 1-year low of $15.05 and a 1-year high of $30.74.

LSC Communications (NASDAQ:LKSD) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.09). The company had revenue of $848.00 million during the quarter, compared to analyst estimates of $876.38 million. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts predict that LSC Communications will post $2.15 EPS for the current year.

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In other LSC Communications news, Director Shivan S. Subramaniam acquired 3,500 shares of LSC Communications stock in a transaction on Monday, September 11th. The shares were bought at an average price of $16.41 per share, with a total value of $57,435.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in LSC Communications in the second quarter worth $138,000. Sei Investments Co. boosted its stake in LSC Communications by 53.3% in the second quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock worth $139,000 after purchasing an additional 2,263 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in LSC Communications by 85.3% in the second quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock worth $142,000 after purchasing an additional 3,062 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of LSC Communications by 32.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock valued at $172,000 after acquiring an additional 1,950 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of LSC Communications during the second quarter valued at $205,000.

LSC Communications Company Profile

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.

Analyst Recommendations for LSC Communications (NASDAQ:LKSD)

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