Rosenblatt Securities Reaffirms Buy Rating for Quad/Graphics (NYSE:QUAD)

Quad/Graphics (NYSE:QUAD - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Rosenblatt Securities in a note issued to investors on Friday,Benzinga reports. They presently have a $8.90 price objective on the business services provider's stock. Rosenblatt Securities' price objective indicates a potential upside of 60.94% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Quad/Graphics from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 2nd. Barrington Research restated an "outperform" rating and issued a $10.00 price target on shares of Quad/Graphics in a report on Friday, May 2nd.

Quad/Graphics Trading Down 0.2%

Shares of QUAD traded down $0.01 during midday trading on Friday, hitting $5.53. The stock had a trading volume of 211,572 shares, compared to its average volume of 261,772. Quad/Graphics has a 1 year low of $4.06 and a 1 year high of $9.13. The firm has a market cap of $279.89 million, a PE ratio of -5.07 and a beta of 1.43. The company has a debt-to-equity ratio of 8.35, a current ratio of 0.85 and a quick ratio of 0.56. The stock's 50 day moving average is $5.37 and its 200 day moving average is $6.28.

Quad/Graphics (NYSE:QUAD - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.13. Quad/Graphics had a negative net margin of 1.90% and a positive return on equity of 58.44%. The business had revenue of $629.40 million for the quarter, compared to the consensus estimate of $588.05 million. As a group, analysts forecast that Quad/Graphics will post 1.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QUAD. Invst LLC purchased a new stake in shares of Quad/Graphics during the first quarter valued at about $1,883,000. Strs Ohio purchased a new position in shares of Quad/Graphics in the 1st quarter valued at approximately $475,000. Focus Partners Wealth purchased a new position in shares of Quad/Graphics in the 1st quarter valued at approximately $144,000. Empowered Funds LLC raised its position in Quad/Graphics by 7.3% during the 1st quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider's stock worth $1,718,000 after buying an additional 21,448 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Quad/Graphics by 1,135.6% during the 1st quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider's stock worth $103,000 after buying an additional 17,408 shares during the last quarter. 39.52% of the stock is currently owned by institutional investors.

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.