Zacks: Analysts Set $28.00 Price Target for Quad/Graphics, Inc. (QUAD)

Shares of Quad/Graphics, Inc. (NYSE:QUAD) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $28.00 for the company, according to Zacks. Zacks has also given Quad/Graphics an industry rank of 203 out of 265 based on the ratings given to related companies.

Several brokerages have weighed in on QUAD. BidaskClub lowered shares of Quad/Graphics from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. TheStreet downgraded shares of Quad/Graphics from a “b-” rating to a “c+” rating in a research report on Friday, August 4th.

In other Quad/Graphics news, Director Kathryn Quadracci Flores sold 66,107 shares of Quad/Graphics stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $21.86, for a total value of $1,445,099.02. Following the completion of the sale, the director now directly owns 69,081 shares in the company, valued at $1,510,110.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas J. Frankowski sold 28,518 shares of Quad/Graphics stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $21.63, for a total transaction of $616,844.34. Following the completion of the sale, the chief operating officer now owns 220,489 shares of the company’s stock, valued at $4,769,177.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,625 shares of company stock worth $2,910,583. 9.28% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in QUAD. Pacad Investment Ltd. lifted its position in Quad/Graphics by 160.0% during the 2nd quarter. Pacad Investment Ltd. now owns 5,200 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 3,200 shares during the period. Creative Planning increased its stake in Quad/Graphics by 17.5% during the 2nd quarter. Creative Planning now owns 6,715 shares of the business services provider’s stock worth $154,000 after purchasing an additional 1,000 shares in the last quarter. Legal & General Group Plc increased its stake in Quad/Graphics by 11.5% during the 2nd quarter. Legal & General Group Plc now owns 7,852 shares of the business services provider’s stock worth $180,000 after purchasing an additional 809 shares in the last quarter. Quantbot Technologies LP increased its stake in Quad/Graphics by 639.5% during the 2nd quarter. Quantbot Technologies LP now owns 8,527 shares of the business services provider’s stock worth $195,000 after purchasing an additional 7,374 shares in the last quarter. Finally, ARP Americas LLC bought a new stake in Quad/Graphics during the 2nd quarter worth approximately $214,000. 49.56% of the stock is currently owned by institutional investors and hedge funds.

Quad/Graphics (QUAD) traded down $0.57 during trading hours on Friday, reaching $21.94. 88,872 shares of the company’s stock were exchanged, compared to its average volume of 192,625. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.82 and a current ratio of 1.24. The stock has a market capitalization of $1,140.00, a P/E ratio of 11.23 and a beta of 1.51. Quad/Graphics has a 12 month low of $18.16 and a 12 month high of $29.04.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. Quad/Graphics had a net margin of 1.97% and a return on equity of 17.18%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.20 annualized dividend and a dividend yield of 5.47%. Quad/Graphics’s dividend payout ratio is currently 68.97%.

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About Quad/Graphics

Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.

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