Rosenblatt Securities Has Lowered Expectations for Quad Graphics (NYSE:QUAD) Stock Price

Key Points

• Rosenblatt Securities has reduced Quad Graphics' price target from $8.90 to $8.60, still maintaining a "buy" rating, indicating a potential upside of 69.63% from the stock's previous close.
• Quad Graphics reported an earnings per share (EPS) of $0.14 for the last quarter, exceeding estimates, with revenue of $571.90 million, surpassing expectations as well.
• Institutional investors have significantly increased their holdings in Quad Graphics, with CWM LLC raising its stake by an impressive 1,730.1% in the first quarter.

Quad Graphics (NYSE:QUAD - Get Free Report) had its price target dropped by Rosenblatt Securities from $8.90 to $8.60 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Rosenblatt Securities' price objective indicates a potential upside of 50.61% from the stock's current price.

Other analysts also recently issued reports about the stock. Barrington Research restated an "outperform" rating and set a $10.00 price objective on shares of Quad Graphics in a research report on Tuesday. 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.

Quad Graphics Stock Performance

QUAD traded up $0.38 during trading on Thursday, hitting $5.71. The company's stock had a trading volume of 519,748 shares, compared to its average volume of 201,819. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 4.85. Quad Graphics has a one year low of $4.06 and a one year high of $9.13. The firm has a market cap of $288.98 million, a PE ratio of -17.84 and a beta of 1.43. The business's 50 day simple moving average is $5.60 and its 200-day simple moving average is $5.80.

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

Hedge Funds Weigh In On Quad Graphics

Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Quad Graphics by 4.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,246 shares of the business services provider's stock worth $260,000 after buying an additional 1,629 shares in the last quarter. CWM LLC boosted its stake in shares of Quad Graphics by 48.3% during the 2nd quarter. CWM LLC now owns 7,572 shares of the business services provider's stock worth $43,000 after purchasing an additional 2,466 shares during the period. 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 worth $161,000 after purchasing an additional 4,980 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 worth $483,000 after purchasing an additional 5,000 shares during the period. Finally, Barclays PLC lifted its holdings in Quad Graphics by 12.4% during the 4th quarter. Barclays PLC now owns 48,064 shares of the business services provider's stock valued at $335,000 after buying an additional 5,301 shares in the last quarter. 39.52% of the stock is owned by hedge funds and other institutional investors.

Quad Graphics Company Profile

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.