Quad/Graphics (NYSE:QUAD) Given New $8.90 Price Target at Rosenblatt Securities

Quad/Graphics (NYSE:QUAD - Free Report) had its price target reduced by Rosenblatt Securities from $10.30 to $8.90 in a research note released on Thursday, Marketbeat Ratings reports. Rosenblatt Securities currently has a buy rating on the business services provider's stock.

A number of other brokerages have also recently issued reports on QUAD. Barrington Research restated an "outperform" rating and issued a $10.00 target price on shares of Quad/Graphics in a report on Friday, February 21st. StockNews.com raised Quad/Graphics from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 2nd.

Quad/Graphics Price Performance

QUAD stock traded up $0.42 during trading hours on Thursday, hitting $5.22. 775,645 shares of the stock traded hands, compared to its average volume of 241,569. The stock has a 50-day simple moving average of $5.37 and a 200 day simple moving average of $6.44. The company has a market cap of $273.26 million, a P/E ratio of -4.79 and a beta of 1.30. Quad/Graphics has a one year low of $4.06 and a one year high of $9.13. 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 (NYSE:QUAD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $629.40 million during the quarter, compared to analyst estimates of $588.05 million. Equities analysts forecast that Quad/Graphics will post 1.08 earnings per share for the current year.

Quad/Graphics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.30 dividend on an annualized basis and a yield of 5.75%. Quad/Graphics's payout ratio is -78.95%.

Hedge Funds Weigh In On Quad/Graphics

A number of hedge funds have recently modified their holdings of QUAD. CWM LLC increased its position in Quad/Graphics by 1,730.1% in the 1st quarter. CWM LLC now owns 5,106 shares of the business services provider's stock worth $28,000 after purchasing an additional 4,827 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Quad/Graphics by 16.1% in the 4th quarter. SG Americas Securities LLC now owns 13,851 shares of the business services provider's stock valued at $97,000 after buying an additional 1,922 shares in the last quarter. Marshall Wace LLP acquired a new position in Quad/Graphics in the fourth quarter worth approximately $97,000. Corton Capital Inc. acquired a new position in Quad/Graphics in the fourth quarter worth approximately $103,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Quad/Graphics during the fourth quarter valued at approximately $112,000. 39.52% of the stock is owned by institutional investors and hedge funds.

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.