Benchmark Begins Coverage on Quad Graphics (NYSE:QUAD)

Investment analysts at Benchmark initiated coverage on shares of Quad Graphics (NYSE:QUAD) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $10.00 price target on the business services provider’s stock. Benchmark’s target price would indicate a potential upside of 37.46% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Rosenblatt Securities boosted their price target on Quad Graphics from $8.20 to $9.80 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Wall Street Zen raised Quad Graphics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 29th. Zacks Research cut Quad Graphics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Quad Graphics in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Quad Graphics currently has an average rating of “Moderate Buy” and a consensus target price of $9.93.

Quad Graphics Stock Performance

Shares of QUAD opened at $7.28 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 2.52. Quad Graphics has a 52-week low of $4.50 and a 52-week high of $7.54. The company has a 50-day simple moving average of $6.65 and a 200-day simple moving average of $6.22. The company has a market capitalization of $380.19 million, a PE ratio of 13.47 and a beta of 1.16.

Quad Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, February 17th. The business services provider reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Quad Graphics had a net margin of 1.12% and a return on equity of 49.71%. The firm had revenue of $630.60 million for the quarter, compared to the consensus estimate of $632.90 million. Equities research analysts predict that Quad Graphics will post 1.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quad Graphics

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in Quad Graphics during the 1st quarter valued at $2,101,000. Jones Financial Companies Lllp raised its holdings in shares of Quad Graphics by 1,135.6% in the first quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider’s stock worth $103,000 after acquiring an additional 17,408 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Quad Graphics by 7.3% in the first quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider’s stock valued at $1,718,000 after acquiring an additional 21,448 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Quad Graphics in the first quarter valued at $144,000. Finally, Geode Capital Management LLC boosted its stake in shares of Quad Graphics by 0.3% during the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock valued at $3,977,000 after acquiring an additional 1,837 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 (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.