Louisiana-Pacific (NYSE:LPX) Stock Gets Price Target Trim from Barclays

Key Points

• Barclays cut its Louisiana-Pacific price target from $88 to $86 but maintained an “overweight” rating; the new target implies about 9.8% upside from the share price cited.
• LPX shares rose 6.1% to $78.31 on Wednesday. The company’s latest quarterly results beat estimates, with EPS of $0.39 versus $0.21 expected and revenue of $690 million, up 4.2% year over year.
• Analyst sentiment remains broadly positive: 11 analysts rate the stock Buy, two Hold, and one Sell, with a consensus “Moderate Buy” rating and an average price target of $88.50.

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its price target decreased by research analysts at Barclays from $88.00 to $86.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the building manufacturing company's stock. Barclays's price objective suggests a potential upside of 9.81% from the company's current price.

Other research analysts have also recently issued reports about the stock. DA Davidson reiterated a "buy" rating and set a $99.00 target price on shares of Louisiana-Pacific in a report on Wednesday, September 2nd. Zacks Research upgraded shares of Louisiana-Pacific from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Wolfe Research assumed coverage on shares of Louisiana-Pacific in a report on Thursday, September 10th. They set an "outperform" rating and a $90.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on shares of Louisiana-Pacific from $84.00 to $85.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Oppenheimer lowered their target price on Louisiana-Pacific from $107.00 to $104.00 and set an "outperform" rating for the company in a report on Monday, October 26th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Louisiana-Pacific Stock Up 6.1%

Shares of LPX traded up $4.53 during midday trading on Wednesday, reaching $78.31. 1,198,875 shares of the stock were exchanged, compared to its average volume of 1,160,095. Louisiana-Pacific has a 52 week low of $62.18 and a 52 week high of $100.34. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $68.54 and its two-hundred day moving average is $75.25. The company has a market capitalization of $5.48 billion, a P/E ratio of 99.18, a PEG ratio of 5.88 and a beta of 1.67.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.21 by $0.18. The firm had revenue of $690.00 million for the quarter, compared to analyst estimates of $671.27 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. On average, sell-side analysts anticipate that Louisiana-Pacific will post 1.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in Louisiana-Pacific by 27.3% in the 2nd quarter. Versant Capital Management Inc now owns 630 shares of the building manufacturing company's stock worth $50,000 after purchasing an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Louisiana-Pacific by 26.0% in the first quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company's stock valued at $50,000 after purchasing an additional 143 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Louisiana-Pacific by 1.6% in the second quarter. Valeo Financial Advisors LLC now owns 9,225 shares of the building manufacturing company's stock valued at $726,000 after purchasing an additional 147 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Louisiana-Pacific by 4.2% in the second quarter. HB Wealth Management LLC now owns 4,106 shares of the building manufacturing company's stock valued at $323,000 after purchasing an additional 164 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Louisiana-Pacific by 27.6% during the third quarter. Signaturefd LLC now owns 805 shares of the building manufacturing company's stock worth $52,000 after buying an additional 174 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

More Louisiana-Pacific News

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: Louisiana-Pacific reported Q3 adjusted earnings of $0.39 per share, topping the $0.21 consensus, and revenue of $690 million versus expectations of $671.27 million. Revenue grew 4.2% year over year, and siding sales reached a record $473 million—results that helped lift investor sentiment. Louisiana-Pacific Shares Rise as Q3 Earnings Beat and Siding Sales Reach Record
• Positive Sentiment: Royal Bank of Canada raised its price target to $85 from $84 and reiterated an “outperform” rating, signaling continued analyst confidence. Royal Bank of Canada recommendations
• Negative Sentiment: Truist lowered its price target to $84 from $89, though it maintained its “buy” rating. The reduced target tempers the upbeat view from the earnings beat and RBC’s increase. Truist trims Louisiana-Pacific price target, keeps buy rating

About Louisiana-Pacific

Louisiana-Pacific Corporation NYSE: LPX is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.

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