Rosenblatt Securities Issues Pessimistic Forecast for Quad/Graphics (NYSE:QUAD) Stock Price

Quad/Graphics (NYSE:QUAD) had its target price lowered by Rosenblatt Securities from $10.30 to $8.90 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other analysts have also issued reports on QUAD. StockNews.com raised shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 2nd. Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of Quad/Graphics in a report on Friday, February 21st.

Quad/Graphics Price Performance

Quad/Graphics stock opened at $5.22 on Thursday. The business’s 50 day simple moving average is $5.37 and its 200 day simple moving average is $6.44. Quad/Graphics has a 12 month low of $4.06 and a 12 month high of $9.13. The company has a market cap of $273.26 million, a price-to-earnings ratio of -4.79 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.13. Quad/Graphics had a positive return on equity of 58.44% and a negative net margin of 1.90%. The firm had revenue of $629.40 million for the quarter, compared to analysts’ expectations of $588.05 million. Sell-side analysts forecast that Quad/Graphics will post 1.08 EPS for the current year.

Quad/Graphics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Thursday, May 22nd. Quad/Graphics’s payout ratio is -78.95%.

Hedge Funds Weigh In On Quad/Graphics

Hedge funds have recently bought and sold shares of the company. Miller Value Partners LLC boosted its holdings in Quad/Graphics by 33.7% in the 4th quarter. Miller Value Partners LLC now owns 2,518,130 shares of the business services provider’s stock valued at $17,551,000 after purchasing an additional 634,315 shares during the period. Geode Capital Management LLC raised its position in shares of Quad/Graphics by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 679,717 shares of the business services provider’s stock worth $4,739,000 after buying an additional 10,681 shares in the last quarter. Heartland Advisors Inc. bought a new stake in Quad/Graphics during the fourth quarter valued at $2,091,000. Empowered Funds LLC grew its position in Quad/Graphics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 293,761 shares of the business services provider’s stock worth $2,048,000 after buying an additional 14,275 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Quad/Graphics by 171.3% in the 4th quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider’s stock worth $2,046,000 after acquiring an additional 185,344 shares during the last quarter. Hedge funds and other institutional investors own 39.52% of the company’s stock.

About Quad/Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.