Quad Graphics (NYSE:QUAD) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• Quad Graphics shares crossed above their 50-day moving average, reaching $10.42 before closing at $10.36, compared with a 50-day average of $8.88.
• Analyst sentiment is broadly positive: the stock has an average “Buy” rating and a $12.00 price target, with Rosenblatt Securities and Benchmark raising their targets to $13.00.
• Quad Graphics exceeded quarterly earnings and revenue expectations, reporting $0.24 in EPS and $577.5 million in revenue. The company also declared a quarterly dividend of $0.10 per share, implying a 3.9% annual yield.

Quad Graphics, Inc (NYSE:QUAD - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.88 and traded as high as $10.42. Quad Graphics shares last traded at $10.36, with a volume of 387,066 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Quad Graphics from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Quad Graphics in a research note on Friday, July 24th. Rosenblatt Securities lifted their price objective on Quad Graphics from $9.80 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Benchmark upped their target price on Quad Graphics from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Quad Graphics has an average rating of "Buy" and an average target price of $12.00.

Quad Graphics Stock Up 1.5%

The firm's 50 day moving average is $8.88 and its 200-day moving average is $7.69. The firm has a market cap of $533.13 million, a PE ratio of 16.44 and a beta of 1.11. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 2.81.

Quad Graphics (NYSE:QUAD - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $577.50 million during the quarter, compared to analysts' expectations of $545.15 million. Quad Graphics had a net margin of 1.31% and a return on equity of 47.90%. As a group, equities research analysts expect that Quad Graphics, Inc will post 1.27 earnings per share for the current fiscal year.

Quad Graphics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.9%. Quad Graphics's payout ratio is currently 63.49%.

Institutional Trading of Quad Graphics

A number of hedge funds have recently added to or reduced their stakes in QUAD. Miller Value Partners LLC increased its stake in shares of Quad Graphics by 4.4% during the 4th quarter. Miller Value Partners LLC now owns 2,737,890 shares of the business services provider's stock valued at $17,167,000 after acquiring an additional 114,415 shares during the last quarter. Vanguard Group Inc. grew its holdings in Quad Graphics by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,799,720 shares of the business services provider's stock valued at $11,266,000 after purchasing an additional 11,773 shares during the period. LSV Asset Management increased its position in Quad Graphics by 0.3% during the fourth quarter. LSV Asset Management now owns 1,353,001 shares of the business services provider's stock worth $8,483,000 after purchasing an additional 3,687 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Quad Graphics by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,135,439 shares of the business services provider's stock worth $7,506,000 after purchasing an additional 16,815 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Quad Graphics by 0.3% during the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider's stock worth $3,977,000 after purchasing an additional 1,837 shares during the period. 39.52% of the stock is owned by institutional investors and hedge funds.

Quad Graphics Company Profile

Quad Graphics, Inc NYSE: QUAD is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company's core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.

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