Barclays Issues Pessimistic Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Key Points

• Barclays lowered its price target for Louisiana-Pacific from $93 to $92 while maintaining an “overweight” rating, implying approximately 21.3% upside from the stock’s $75.83 price.
• Analyst sentiment remains broadly positive: 11 analysts rate LPX a Buy, one rates it Hold, and two rate it Sell, producing a “Moderate Buy” consensus and average target of $95.55.
• Louisiana-Pacific’s latest quarterly results missed expectations, with adjusted EPS of $0.40 versus the $0.53 consensus and revenue down 12.1% year over year to $665 million; shares fell 2.0% during Thursday’s trading session.

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its target price cut by equities researchers at Barclays from $93.00 to $92.00 in a report issued on Thursday,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 21.32% from the stock's current price.

Several other research firms have also recently commented on LPX. Truist Financial lowered their target price on shares of Louisiana-Pacific from $93.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Bank of America increased their target price on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Oppenheimer dropped their price target on Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating on the stock in a research note on Thursday, May 7th. Zacks Research lowered shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group began coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They issued a "buy" rating and a $93.00 target price for the company. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific has an average rating of "Moderate Buy" and a consensus target price of $95.55.

Louisiana-Pacific Stock Down 2.0%

Shares of Louisiana-Pacific stock traded down $1.53 during trading hours on Thursday, reaching $75.83. 121,251 shares of the company were exchanged, compared to its average volume of 1,145,349. The firm has a market cap of $5.30 billion, a PE ratio of 64.25, a PEG ratio of 2.50 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. Louisiana-Pacific has a 1 year low of $66.12 and a 1 year high of $102.86. The stock's fifty day moving average is $75.14 and its 200 day moving average is $77.81.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.13). The company had revenue of $665.00 million for the quarter, compared to analysts' expectations of $667.31 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The business's revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. As a group, equities research analysts forecast that Louisiana-Pacific will post 1.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. North Ridge Wealth Advisors Inc. acquired a new position in Louisiana-Pacific in the 2nd quarter valued at $26,000. Los Angeles Capital Management LLC acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at about $29,000. Western Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at about $25,000. Parallel Advisors LLC increased its stake in shares of Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company's stock worth $28,000 after purchasing an additional 255 shares during the period. Finally, Root Financial Partners LLC lifted its position in shares of Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company's stock worth $32,000 after purchasing an additional 277 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

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