Louisiana-Pacific (NYSE:LPX) Stock Moved Up to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Louisiana-Pacific from “sell” to “hold.” Overall analyst sentiment remains more positive, with a “Moderate Buy” consensus and an average price target of $88.27.
• The company reported quarterly EPS of $0.39, beating the $0.21 consensus estimate, and revenue of $691 million, above estimates and up 4.2% year over year.
• Louisiana-Pacific shares opened at $75.53 and were reported down 1.9%; the stock’s 52-week range is $62.18 to $100.34.

Louisiana-Pacific (NYSE:LPX - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently weighed in on LPX. Royal Bank Of Canada raised their price target on Louisiana-Pacific from $84.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday. DA Davidson restated a "buy" rating and issued a $99.00 price target on shares of Louisiana-Pacific in a research report on Wednesday, September 2nd. TD boosted their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Wolfe Research began coverage on Louisiana-Pacific in a report on Thursday, September 10th. They set an "outperform" rating and a $90.00 target price on the stock. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $90.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.27.

Louisiana-Pacific Stock Down 1.9%

Shares of Louisiana-Pacific stock opened at $75.53 on Friday. Louisiana-Pacific has a twelve month low of $62.18 and a twelve month 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 stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 64.60, a PEG ratio of 5.88 and a beta of 1.67. The business's 50 day simple moving average is $68.88 and its 200-day simple moving average is $75.01.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.18. The business had revenue of $691.00 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 firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Equities research analysts forecast that Louisiana-Pacific will post 1.15 earnings per share for the current year.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPX. BlackRock Inc. acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at about $506,638,000. Berkshire Hathaway Inc bought a new stake in Louisiana-Pacific during the 2nd quarter valued at approximately $445,593,000. Dimensional Fund Advisors LP raised its holdings in Louisiana-Pacific by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company's stock worth $119,279,000 after purchasing an additional 15,232 shares in the last quarter. Maple Rock Capital Partners Inc. raised its stake in shares of Louisiana-Pacific by 36.8% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company's stock worth $119,709,000 after buying an additional 409,300 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Louisiana-Pacific in the second quarter valued at approximately $43,845,000. Institutional investors and hedge funds own 94.73% of the company's stock.

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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