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

Quad/Graphics (NYSE:QUAD - Get Free Report)'s stock had its "buy" rating reissued by Rosenblatt Securities in a research report issued on Friday,Benzinga reports. They currently have a $8.90 target price on the business services provider's stock. Rosenblatt Securities' target price would suggest a potential upside of 61.09% from the stock's previous close.

QUAD has been the subject of several other reports. Wall Street Zen upgraded 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 set a $10.00 price objective on shares of Quad/Graphics in a research note on Friday, May 2nd.

Quad/Graphics Stock Performance

NYSE QUAD traded up $0.14 on Friday, hitting $5.53. 315,647 shares of the company's stock traded hands, compared to its average volume of 261,368. The firm's 50-day moving average price is $5.37 and its two-hundred day moving average price is $6.29. The firm has a market capitalization of $279.64 million, a PE ratio of -5.07 and a beta of 1.43. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35. Quad/Graphics has a 1-year low of $4.06 and a 1-year high of $9.13.

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

Hedge Funds Weigh In On Quad/Graphics

Several institutional investors and hedge funds have recently modified their holdings of the business. Invst LLC purchased a new position in Quad/Graphics during the first quarter worth approximately $1,883,000. Strs Ohio acquired a new position in shares of Quad/Graphics during the 1st quarter worth approximately $475,000. Focus Partners Wealth purchased a new position in shares of Quad/Graphics during the 1st quarter valued at approximately $144,000. Empowered Funds LLC lifted its position in shares of Quad/Graphics by 7.3% during the 1st quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider's stock valued at $1,718,000 after buying an additional 21,448 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Quad/Graphics by 1,135.6% in the 1st quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider's stock valued at $103,000 after acquiring an additional 17,408 shares during the period. Hedge funds and other institutional investors own 39.52% of the company's stock.

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.