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 report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Rosenblatt Securities' price target points to a potential upside of 45.15% from the company's current price.

Several other research firms also recently commented on QUAD. Wall Street Zen upgraded Quad Graphics from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 2nd. Barrington Research restated an "outperform" rating and set a $10.00 target price on shares of Quad Graphics in a research report on Tuesday, July 29th.

Quad Graphics Stock Up 3.8%

QUAD traded up $0.22 during midday trading on Thursday, reaching $5.93. 324,096 shares of the company were exchanged, compared to its average volume of 280,682. Quad Graphics has a one year low of $4.06 and a one year high of $9.13. The company's fifty day moving average price is $5.60 and its 200 day moving average price is $5.79. The company has a market cap of $299.86 million, a price-to-earnings ratio of -18.52 and a beta of 1.43. The company has a debt-to-equity ratio of 4.85, a quick ratio of 0.64 and a current ratio of 0.92.

Quad Graphics (NYSE:QUAD - Get Free Report) last announced its 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. Quad Graphics had a positive return on equity of 70.06% and a negative net margin of 0.55%. The firm had revenue of $571.90 million for the quarter, compared to the consensus estimate of $555.05 million. As a group, analysts expect that Quad Graphics will post 1.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in Quad Graphics by 4.6% in 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 buying an additional 1,629 shares during the period. CWM LLC lifted its holdings in Quad Graphics by 48.3% in the second 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 during the period. Brandywine Global Investment Management LLC lifted its holdings in Quad Graphics by 27.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 23,080 shares of the business services provider's stock worth $161,000 after buying an additional 4,980 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Quad Graphics by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 88,705 shares of the business services provider's stock worth $483,000 after buying an additional 5,000 shares during the period. Finally, Barclays PLC lifted its holdings in 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 buying an additional 5,301 shares during the period. Institutional investors own 39.52% of the company's stock.

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.