DA Davidson Boosts Louisiana-Pacific (LPX) Price Target to $33.00

Louisiana-Pacific (NYSE:LPX) had its target price boosted by stock analysts at DA Davidson to $33.00 in a research note issued on Wednesday, The Fly reports. The firm currently has a “neutral” rating on the construction company’s stock. DA Davidson’s price objective points to a potential upside of 8.37% from the company’s previous close.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, January 9th. Vertical Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 price objective on shares of Louisiana-Pacific in a research report on Monday, October 30th. Stephens initiated coverage on shares of Louisiana-Pacific in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Finally, Bank of America upgraded shares of Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $30.83.

Louisiana-Pacific (NYSE:LPX) opened at $30.45 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.31. Louisiana-Pacific has a 52-week low of $22.07 and a 52-week high of $31.07. The stock has a market cap of $4,120.20, a PE ratio of 14.71, a PEG ratio of 2.74 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.15. The firm had revenue of $710.60 million for the quarter, compared to the consensus estimate of $654.26 million. Louisiana-Pacific had a net margin of 11.72% and a return on equity of 20.27%. Louisiana-Pacific’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. research analysts anticipate that Louisiana-Pacific will post 2.21 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Profund Advisors LLC raised its position in shares of Louisiana-Pacific by 12.6% during the 4th quarter. Profund Advisors LLC now owns 22,177 shares of the construction company’s stock worth $582,000 after buying an additional 2,477 shares in the last quarter. MANA Advisors LLC bought a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $209,000. Renaissance Technologies LLC raised its position in shares of Louisiana-Pacific by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,464,000 shares of the construction company’s stock worth $90,965,000 after buying an additional 783,116 shares in the last quarter. Moors & Cabot Inc. bought a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $225,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Louisiana-Pacific during the 4th quarter worth about $353,000. Institutional investors own 92.31% of the company’s stock.

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About Louisiana-Pacific

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.

The Fly

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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