Louisiana-Pacific Corp. (NYSE:LPX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, American Banking & Market News reports. The firm currently has a $16.40 price target on the stock. Zacks‘ price objective indicates a potential upside of 2.56% from the stock’s previous close.
Louisiana-Pacific Corp. (NYSE:LPX) traded down 1.00% on Wednesday, hitting $15.83. The stock had a trading volume of 1,733,792 shares. Louisiana-Pacific Corp. has a one year low of $14.51 and a one year high of $22.55. The stock has a 50-day moving average of $16.65 and a 200-day moving average of $16.73. The company has a market cap of $2.234 billion and a price-to-earnings ratio of 9.76.
Louisiana-Pacific Corp. (NYSE:LPX) last announced its earnings results on Tuesday, November 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02. The company had revenue of $507.40 million for the quarter, compared to the consensus estimate of $512.76 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Louisiana-Pacific Corp. will post $1.02 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LPX. Analysts at TD Securities upgraded shares of Louisiana-Pacific Corp. from a “reduce” rating to a “hold” rating in a research note to investors on Wednesday, November 6th. They now have a $16.50 price target on the stock, up previously from $16.00. Finally, analysts at DA Davidson upgraded shares of Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th. They now have a $20.00 price target on the stock, up previously from $18.00. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Louisiana-Pacific Corp. has a consensus rating of “Buy” and a consensus target price of $19.57.
Louisiana-Pacific Corporation is a manufacturer of building products. The Company operates in four segments: North America Oriented Strand Board (NYSE:LPX); Siding; Engineered Wood Products (EWP), and South America.
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