Quad Graphics (NYSE:QUAD) Raised to Strong-Buy at Zacks Research

Quad Graphics (NYSE:QUAD) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a report on Friday, July 24th. Benchmark increased their price objective on shares of Quad Graphics from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Rosenblatt Securities increased their price objective on shares of Quad Graphics from $9.80 to $13.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Quad Graphics presently has a consensus rating of “Buy” and an average price target of $12.00.

Quad Graphics Price Performance

QUAD opened at $10.50 on Monday. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.87 and a quick ratio of 0.60. The company has a market capitalization of $541.48 million, a price-to-earnings ratio of 16.67 and a beta of 1.11. The firm’s fifty day moving average price is $8.22 and its two-hundred day moving average price is $7.35. Quad Graphics has a 1 year low of $5.12 and a 1 year high of $11.15.

Quad Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, July 28th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $577.50 million during the quarter, compared to analyst estimates of $545.15 million. Quad Graphics had a net margin of 1.31% and a return on equity of 47.90%. As a group, analysts anticipate that Quad Graphics will post 1.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quad Graphics

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Baron Wealth Management LLC increased its holdings in Quad Graphics by 14.2% during the second quarter. Baron Wealth Management LLC now owns 24,973 shares of the business services provider’s stock worth $211,000 after buying an additional 3,107 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Quad Graphics in the first quarter valued at about $119,000. Arrowstreet Capital Limited Partnership boosted its stake in Quad Graphics by 2.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 460,452 shares of the business services provider’s stock valued at $3,044,000 after acquiring an additional 9,174 shares during the last quarter. Cetera Investment Advisers boosted its stake in Quad Graphics by 30.5% in the first quarter. Cetera Investment Advisers now owns 46,365 shares of the business services provider’s stock valued at $306,000 after acquiring an additional 10,849 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Quad Graphics by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,135,439 shares of the business services provider’s stock valued at $7,506,000 after acquiring an additional 16,815 shares during the period. 39.52% of the stock is owned by hedge funds and other institutional investors.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.