Louisiana-Pacific (NYSE:LPX) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Louisiana-Pacific (NYSE:LPX – Get Free Report) had its price target raised by equities researchers at Royal Bank Of Canada from $84.00 to $85.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the building manufacturing company’s stock. Royal Bank Of Canada‘s price target would indicate a potential upside of 9.78% from the company’s current price.

Other research analysts have also issued research reports about the stock. DA Davidson reaffirmed a “buy” rating and issued a $99.00 target price on shares of Louisiana-Pacific in a research note on Wednesday, September 2nd. Jefferies Financial Group reissued a “buy” rating and set a $90.00 price target on shares of Louisiana-Pacific in a research note on Wednesday. Bank of America cut their price objective on shares of Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Truist Financial reiterated a “buy” rating and set a $84.00 target price (down from $89.00) on shares of Louisiana-Pacific in a research report on Wednesday. Finally, TD increased their price target on Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.67.

Check Out Our Latest Research Report on Louisiana-Pacific

Louisiana-Pacific Trading Up 4.9%

Louisiana-Pacific stock traded up $3.63 during mid-day trading on Wednesday, hitting $77.42. The stock had a trading volume of 539,272 shares, compared to its average volume of 1,156,802. The stock has a 50-day simple moving average of $68.54 and a two-hundred day simple moving average of $75.25. The stock has a market capitalization of $5.41 billion, a PE ratio of 97.73, a P/E/G ratio of 5.88 and a beta of 1.67. Louisiana-Pacific has a 12 month low of $62.18 and a 12 month high of $100.34. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The building manufacturing company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. The firm had revenue of $690.00 million during the quarter, compared to analyst estimates of $671.27 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. As a group, sell-side analysts forecast that Louisiana-Pacific will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ethic Inc. lifted its holdings in Louisiana-Pacific by 160.9% during the 3rd quarter. Ethic Inc. now owns 11,300 shares of the building manufacturing company’s stock worth $729,000 after purchasing an additional 6,969 shares during the last quarter. CenterBook Partners LP boosted its stake in shares of Louisiana-Pacific by 4.8% in the third quarter. CenterBook Partners LP now owns 17,068 shares of the building manufacturing company’s stock valued at $1,102,000 after buying an additional 776 shares during the period. Putney Financial Group LLC acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter worth $107,000. D.A. Davidson & CO. grew its holdings in shares of Louisiana-Pacific by 0.9% during the 3rd quarter. D.A. Davidson & CO. now owns 37,856 shares of the building manufacturing company’s stock worth $2,444,000 after purchasing an additional 354 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Louisiana-Pacific by 27.6% during the third quarter. Signaturefd LLC now owns 805 shares of the building manufacturing company’s stock worth $52,000 after purchasing an additional 174 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific News Roundup

Here are the key news stories impacting Louisiana-Pacific this week:

Louisiana-Pacific Company Profile

(Get Free Report)

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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