Louisiana-Pacific (NYSE:LPX) Rating Increased to Buy at Loop Capital

Louisiana-Pacific (NYSE:LPX - Get Free Report) was upgraded by Loop Capital from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a $110.00 price target on the building manufacturing company's stock. Loop Capital's target price indicates a potential upside of 16.63% from the company's previous close.

LPX has been the subject of a number of other research reports. TD Securities lowered their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets increased their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. DA Davidson decreased their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Truist Financial reduced their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock traded up $3.71 during mid-day trading on Wednesday, reaching $94.32. 207,162 shares of the company's stock were exchanged, compared to its average volume of 715,209. The business's fifty day simple moving average is $88.99 and its 200 day simple moving average is $102.69. The firm has a market capitalization of $6.56 billion, a PE ratio of 16.04, a P/E/G ratio of 1.24 and a beta of 1.94. Louisiana-Pacific has a one year low of $78.82 and a one year high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. During the same period in the previous year, the business earned $1.53 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Institutional Trading of Louisiana-Pacific

A number of large investors have recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its holdings in shares of Louisiana-Pacific by 2.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after purchasing an additional 95 shares during the period. Hanseatic Management Services Inc. grew its stake in Louisiana-Pacific by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company's stock worth $97,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Louisiana-Pacific by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company's stock valued at $1,802,000 after purchasing an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC grew its stake in Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after purchasing an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Louisiana-Pacific by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company's stock valued at $228,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.