Quad/Graphics (NYSE:QUAD) Price Target Raised to $10.30

Quad/Graphics (NYSE:QUAD) had its price target boosted by Rosenblatt Securities from $7.70 to $10.30 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on the company. StockNews.com upgraded Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th. Barrington Research raised their price target on Quad/Graphics from $8.50 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Quad/Graphics Stock Performance

QUAD opened at $7.24 on Monday. The company has a debt-to-equity ratio of 8.35, a current ratio of 0.85 and a quick ratio of 0.56. The company has a market capitalization of $377.35 million, a PE ratio of -4.33 and a beta of 1.57. The business has a fifty day simple moving average of $5.90 and a 200 day simple moving average of $5.32. Quad/Graphics has a 1 year low of $4.06 and a 1 year high of $7.94.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $674.80 million for the quarter, compared to analyst estimates of $654.90 million. Quad/Graphics had a negative net margin of 2.82% and a positive return on equity of 42.63%. During the same period last year, the firm earned $0.11 earnings per share. Research analysts expect that Quad/Graphics will post 0.84 EPS for the current year.

Quad/Graphics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, November 18th. Quad/Graphics’s dividend payout ratio is presently -12.12%.

Hedge Funds Weigh In On Quad/Graphics

A number of institutional investors have recently modified their holdings of the business. Inspire Investing LLC acquired a new stake in Quad/Graphics in the second quarter valued at about $850,000. Bank of Montreal Can bought a new position in Quad/Graphics in the 2nd quarter valued at approximately $408,000. LSV Asset Management boosted its position in Quad/Graphics by 4.2% in the second quarter. LSV Asset Management now owns 1,165,265 shares of the business services provider’s stock valued at $6,351,000 after buying an additional 46,882 shares in the last quarter. Privium Fund Management UK Ltd bought a new stake in shares of Quad/Graphics during the second quarter worth $262,000. Finally, Jane Street Group LLC increased its holdings in shares of Quad/Graphics by 96.4% during the third quarter. Jane Street Group LLC now owns 85,111 shares of the business services provider’s stock worth $386,000 after buying an additional 41,786 shares in the last quarter. Institutional investors and hedge funds 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.