Quad Graphics (NYSE:QUAD) Downgraded by Wall Street Zen to "Buy"

Key Points

• Wall Street Zen downgraded Quad Graphics from “strong-buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $13.00.
• Quad’s shares opened at $7.19, compared with a 52-week range of $5.12 to $11.15; the company has a market capitalization of about $369.8 million.
• In its latest quarter, Quad reported $0.35 in adjusted EPS, slightly below the $0.37 estimate, while revenue of $586.7 million exceeded expectations of $583.3 million. Institutional investors own approximately 39.5% of the stock.

Quad Graphics (NYSE:QUAD - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research cut shares of Quad Graphics from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Rosenblatt Securities upped their price objective on Quad Graphics from $9.80 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Benchmark increased their target price on Quad Graphics from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings cut Quad Graphics from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Quad Graphics Price Performance

Shares of QUAD opened at $7.19 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 2.81. The firm has a market cap of $369.84 million, a price-to-earnings ratio of 6.42 and a beta of 1.12. Quad Graphics has a 52 week low of $5.12 and a 52 week high of $11.15. The stock has a 50 day moving average of $9.59 and a 200-day moving average of $8.06.

Quad Graphics (NYSE:QUAD - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The business services provider reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The business had revenue of $586.70 million during the quarter, compared to analyst estimates of $583.27 million. Quad Graphics had a return on equity of 47.06% and a net margin of 1.12%. As a group, analysts forecast that Quad Graphics will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. DGS Capital Management LLC bought a new position in Quad Graphics in the 1st quarter valued at about $71,000. Lazard Asset Management LLC bought a new position in shares of Quad Graphics in the first quarter valued at approximately $119,000. HB Wealth Management LLC bought a new position in shares of Quad Graphics in the first quarter valued at approximately $126,000. Kathmere Capital Management LLC increased its stake in shares of Quad Graphics by 51.7% during the first quarter. Kathmere Capital Management LLC now owns 19,878 shares of the business services provider's stock valued at $131,000 after acquiring an additional 6,778 shares during the period. Finally, Baron Wealth Management LLC increased its stake in shares of Quad Graphics by 14.2% during the second quarter. Baron Wealth Management LLC now owns 24,973 shares of the business services provider's stock valued at $211,000 after acquiring an additional 3,107 shares during the period. Institutional investors own 39.52% of the company's stock.

About Quad Graphics

Quad NYSE: QUAD, formerly Quad/Graphics, is a marketing experience company that helps organizations plan, create, produce and distribute marketing communications. Its services span creative and content development, data and analytics, media planning and buying, marketing management, and production.

The company also provides commercial printing, packaging, direct mail, in-store marketing materials and other physical communications. By combining these capabilities with digital and technology services, Quad supports integrated marketing programs designed to connect brands with consumers across print, digital and other channels.

Quad was founded in 1971 by Harry V.

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