Royal Bank Of Canada Issues Pessimistic Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Key Points

• Royal Bank of Canada cut Louisiana-Pacific’s price target from $92 to $84 while maintaining an “outperform” rating, implying approximately 19% upside from the prior close.
• Analyst sentiment remains broadly positive: 12 analysts rate the stock a Buy, with a consensus “Moderate Buy” rating and an average price target of $89.50.
• Louisiana-Pacific’s latest quarterly results fell short of expectations, with EPS of $0.40 versus the $0.56 estimate and revenue down 12.1% year over year; shares recently traded near $70.41.

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its target price cut by investment analysts at Royal Bank Of Canada from $92.00 to $84.00 in a report issued on Friday, Benzinga reports. The firm presently has an "outperform" rating on the building manufacturing company's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 19.31% from the stock's previous close.

LPX has been the topic of several other research reports. Weiss Ratings raised Louisiana-Pacific from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, September 2nd. Jefferies Financial Group assumed coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a "buy" rating and a $93.00 price target on the stock. Wolfe Research assumed coverage on Louisiana-Pacific in a research report on Thursday, September 10th. They issued an "outperform" rating and a $90.00 target price for the company. TD lifted their price target on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Zacks Research upgraded shares of Louisiana-Pacific from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Twelve 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.50.

Louisiana-Pacific Trading Up 1.5%

Shares of NYSE:LPX traded up $1.01 during midday trading on Friday, reaching $70.41. 119,478 shares of the company's stock were exchanged, compared to its average volume of 1,137,675. The firm's 50 day simple moving average is $68.80 and its two-hundred day simple moving average is $72.22. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 88.93, a P/E/G ratio of 10.00 and a beta of 1.63. Louisiana-Pacific has a fifty-two week low of $62.18 and a fifty-two week high of $100.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The business had revenue of $664.00 million for the quarter, compared to analysts' expectations of $667.31 million. During the same quarter last year, the company earned $0.99 earnings per share. The firm's revenue for the quarter was down 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that Louisiana-Pacific will post 1.10 EPS for the current fiscal year.

Institutional Trading of Louisiana-Pacific

Large investors have recently made changes to their positions in the company. Western Wealth Management LLC acquired a new position in Louisiana-Pacific during the 1st quarter worth approximately $25,000. Parallel Advisors LLC boosted 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 worth $28,000 after buying an additional 255 shares during the period. Root Financial Partners LLC boosted its stake in 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 purchasing an additional 277 shares during the period. Whittier Trust Co. increased its position in Louisiana-Pacific by 138.1% during the first quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company's stock worth $36,000 after acquiring an additional 290 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in shares of Louisiana-Pacific by 1,505.4% during the first 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 period. Institutional investors own 94.73% of the company's stock.

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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