Quad Graphics (NYSE:QUAD) Stock Price Crosses Below 50 Day Moving Average After Analyst Downgrade

Key Points

• Quad Graphics' stock price fell below its fifty-day moving average after Rosenblatt Securities downgraded its price target from $8.90 to $8.60.
• The company announced a quarterly dividend of $0.075, reflecting an annual yield of 5.3%, despite a negative dividend payout ratio of -93.75%.
• Several research firms have rated Quad Graphics positively, with Wall Street Zen upgrading its rating from "buy" to "strong-buy" while maintaining a $10.00 price target by Barrington Research.

Quad Graphics, Inc (NYSE:QUAD - Get Free Report)'s share price crossed below its fifty day moving average during trading on Friday after Rosenblatt Securities lowered their price target on the stock from $8.90 to $8.60. The stock has a fifty day moving average of $5.60 and traded as low as $5.28. Rosenblatt Securities currently has a buy rating on the stock. Quad Graphics shares last traded at $5.71, with a volume of 519,748 shares trading hands.

Several other research firms have also recently weighed in on QUAD. Wall Street Zen upgraded shares of Quad Graphics from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, April 2nd. Barrington Research reaffirmed an "outperform" rating and issued a $10.00 target price on shares of Quad Graphics in a research report on Tuesday.

Hedge Funds Weigh In On Quad Graphics

A number of large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Quad Graphics by 4.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,246 shares of the business services provider's stock worth $260,000 after purchasing an additional 1,629 shares during the period. CWM LLC lifted its position in Quad Graphics by 48.3% in the 2nd quarter. CWM LLC now owns 7,572 shares of the business services provider's stock worth $43,000 after buying an additional 2,466 shares in the last quarter. Brandywine Global Investment Management LLC boosted its stake in shares of Quad Graphics by 27.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 23,080 shares of the business services provider's stock valued at $161,000 after buying an additional 4,980 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Quad Graphics by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 88,705 shares of the business services provider's stock valued at $483,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Quad Graphics by 12.4% in the fourth quarter. Barclays PLC now owns 48,064 shares of the business services provider's stock worth $335,000 after acquiring an additional 5,301 shares during the last quarter. Institutional investors and hedge funds own 39.52% of the company's stock.

Quad Graphics Trading Up 7.1%

The firm has a market capitalization of $288.98 million, a PE ratio of -17.84 and a beta of 1.43. The company has a debt-to-equity ratio of 4.85, a current ratio of 0.92 and a quick ratio of 0.66. The company has a fifty day moving average of $5.60 and a 200-day moving average of $5.80.

Quad Graphics (NYSE:QUAD - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $571.90 million during the quarter, compared to the consensus estimate of $555.05 million. Quad Graphics had a positive return on equity of 70.06% and a negative net margin of 0.55%. On average, sell-side analysts anticipate that Quad Graphics, Inc will post 1.08 earnings per share for the current fiscal year.

Quad Graphics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be issued a $0.075 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.30 dividend on an annualized basis and a yield of 5.3%. Quad Graphics's dividend payout ratio is currently -93.75%.

About Quad Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

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