Louisiana-Pacific (NYSE:LPX) Stock Price Target Lowered at Barclays

Key Points

• Barclays lowered Louisiana-Pacific’s price target from $92 to $88 while maintaining an “overweight” rating, implying approximately 31.42% upside from the stock’s $66.96 price.
• Analyst sentiment remains generally positive, with 12 buy ratings, one hold, and two sell ratings; the consensus rating is “Moderate Buy” with an average target of $93.33.
• Louisiana-Pacific’s latest quarterly results missed expectations, with earnings per share of $0.40 versus the $0.56 estimate and revenue down 12.1% year over year.

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its price target decreased by Barclays from $92.00 to $88.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the building manufacturing company's stock. Barclays's target price points to a potential upside of 31.42% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Truist Financial decreased their price target on Louisiana-Pacific from $91.00 to $89.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Zacks Research downgraded Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 30th. The Goldman Sachs Group boosted their price objective on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the company a "sell" rating in a research report on Thursday, August 6th. Jefferies Financial Group began coverage on Louisiana-Pacific in a report on Tuesday, June 23rd. They set a "buy" rating and a $93.00 price objective for the company. Finally, DA Davidson reissued a "buy" rating and set a $99.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, September 2nd. Twelve research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.33.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded up $1.67 during midday trading on Tuesday, reaching $66.96. The company's stock had a trading volume of 102,749 shares, compared to its average volume of 1,136,709. 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 has a 50 day moving average price of $70.15 and a 200 day moving average price of $72.58. Louisiana-Pacific has a one year low of $62.18 and a one year high of $100.34. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 84.72, a price-to-earnings-growth ratio of 9.21 and a beta of 1.63.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). The business had revenue of $664.00 million for the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The company's quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities research analysts expect that Louisiana-Pacific will post 1.17 EPS for the current year.

Institutional Investors Weigh In On Louisiana-Pacific

Large investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter worth about $25,000. Parallel Advisors LLC increased its holdings in shares of Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company's stock valued at $28,000 after acquiring an additional 255 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company's stock valued at $32,000 after acquiring an additional 277 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Louisiana-Pacific by 138.1% in the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 290 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Louisiana-Pacific by 1,505.4% in the 1st quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company's stock worth $43,000 after purchasing an additional 557 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation NYSE: LPX is a manufacturer of building products used in residential and light commercial construction. The company's portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.

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