Zacks Research Downgrades Louisiana-Pacific (NYSE:LPX) to Strong Sell

Louisiana-Pacific (NYSE:LPX) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Barclays reduced their price objective on Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Jefferies Financial Group started coverage on shares of Louisiana-Pacific in a research note on Tuesday, June 23rd. They set a “buy” rating and a $93.00 target price for the company. DA Davidson reissued a “buy” rating and set a $114.00 target price on shares of Louisiana-Pacific in a report on Tuesday, May 5th. TD upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Thursday, May 7th. Finally, Oppenheimer decreased their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $96.78.

Louisiana-Pacific Trading Up 0.1%

Shares of NYSE LPX opened at $78.75 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $74.17 and its two-hundred day moving average price is $79.65. Louisiana-Pacific has a 52-week low of $66.12 and a 52-week high of $102.86. The stock has a market capitalization of $5.50 billion, a P/E ratio of 66.74, a PEG ratio of 1.98 and a beta of 1.59.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The company had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. During the same quarter last year, the firm earned $1.27 EPS. The business’s revenue was down 20.7% on a year-over-year basis. On average, analysts anticipate that Louisiana-Pacific will post 2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in LPX. Western Wealth Management LLC acquired a new position in shares of Louisiana-Pacific during the first quarter valued at $25,000. North Ridge Wealth Advisors Inc. bought a new stake in Louisiana-Pacific in the 2nd quarter valued at about $26,000. Parallel Advisors LLC boosted its stake in Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after purchasing an additional 255 shares during the period. Los Angeles Capital Management LLC acquired a new position in Louisiana-Pacific during the 4th quarter valued at about $29,000. Finally, Root Financial Partners LLC grew its position in Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after purchasing an additional 277 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.