Louisiana-Pacific (NYSE:LPX) Lifted to Outperform at BMO Capital Markets

Louisiana-Pacific (NYSE:LPX) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday, The Fly reports.

A number of other analysts have also weighed in on LPX. TD Securities upped their target price on shares of Louisiana-Pacific from $25.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 21st. ValuEngine lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Stephens upgraded shares of Louisiana-Pacific from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research note on Friday, April 5th. Finally, Bank of America upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 target price on the stock in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Louisiana-Pacific has a consensus rating of “Buy” and a consensus target price of $28.68.

Shares of NYSE:LPX opened at $24.87 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.25 and a current ratio of 3.55. Louisiana-Pacific has a 1 year low of $20.39 and a 1 year high of $32.16. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 3.23 and a beta of 1.40.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The firm had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $601.49 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. Analysts anticipate that Louisiana-Pacific will post 1.52 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Burney Co. boosted its holdings in Louisiana-Pacific by 184.2% in the fourth quarter. Burney Co. now owns 45,165 shares of the building manufacturing company’s stock valued at $1,004,000 after purchasing an additional 29,273 shares in the last quarter. Kiwi Wealth Investments Limited Partnership boosted its holdings in Louisiana-Pacific by 34.0% in the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 109,538 shares of the building manufacturing company’s stock valued at $2,434,000 after purchasing an additional 27,792 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in Louisiana-Pacific by 14.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 26,027 shares of the building manufacturing company’s stock valued at $570,000 after purchasing an additional 3,234 shares in the last quarter. Hollencrest Capital Management acquired a new position in Louisiana-Pacific in the first quarter valued at approximately $213,000. Finally, Hsbc Holdings PLC boosted its holdings in Louisiana-Pacific by 1.2% in the fourth quarter. Hsbc Holdings PLC now owns 188,434 shares of the building manufacturing company’s stock valued at $4,187,000 after purchasing an additional 2,166 shares in the last quarter. 89.45% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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The Fly

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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