Louisiana-Pacific Corporation (NYSE:LPX) Stock Has Average Price Target of $89.50 According to Brokerages

Key Points

• Louisiana-Pacific has a “Moderate Buy” consensus rating from 14 analysts, with 11 buy ratings, two holds and one sell. The average 12-month price target is $89.50 versus the reported share price of $72.48.
• Institutional investors own 94.73% of the company, with BlackRock and Berkshire Hathaway each initiating sizable positions during the second quarter.
• The company’s latest quarterly results fell short of expectations: EPS was $0.40 versus a $0.56 consensus estimate, while revenue declined 12.1% year over year to $664 million. Louisiana-Pacific also paid a $0.30 quarterly dividend, equivalent to a 1.7% yield.

Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $89.50.

A number of research firms have issued reports on LPX. Barclays decreased their target price on Louisiana-Pacific from $92.00 to $88.00 and set an "overweight" rating for the company in a research report on Tuesday, October 6th. Royal Bank Of Canada lowered their price objective on Louisiana-Pacific from $92.00 to $84.00 and set an "outperform" rating on the stock in a research note on Friday, October 16th. DA Davidson restated a "buy" rating and issued a $99.00 price objective on shares of Louisiana-Pacific in a research note on Wednesday, September 2nd. TD upped their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Finally, Bank of America dropped their price objective on shares of Louisiana-Pacific from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Wednesday, October 14th.

Institutional Trading of Louisiana-Pacific

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Louisiana-Pacific during the 2nd quarter valued at $506,638,000. Berkshire Hathaway Inc purchased a new stake in shares of Louisiana-Pacific during the second quarter worth $445,593,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Louisiana-Pacific during the first quarter worth $56,596,000. Bank of New York Mellon Corp purchased a new stake in shares of Louisiana-Pacific during the second quarter worth $43,845,000. Finally, Maple Rock Capital Partners Inc. lifted its position in shares of Louisiana-Pacific by 36.8% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company's stock worth $119,709,000 after acquiring an additional 409,300 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 2.5%

Shares of LPX stock opened at $72.48 on Wednesday. The company has a 50 day moving average of $68.49 and a 200-day moving average of $72.21. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 12-month low of $62.18 and a 12-month high of $100.34. The firm has a market cap of $5.07 billion, a P/E ratio of 91.74, a PEG ratio of 5.47 and a beta of 1.63.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 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 company had revenue of $664.00 million during the quarter, compared to the consensus estimate of $667.31 million. During the same period last year, the firm posted $0.99 EPS. The company's revenue for the quarter was down 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Louisiana-Pacific will post 1.13 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.30 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 151.90%.

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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