Louisiana-Pacific (NYSE:LPX) Upgraded to “Buy” at Loop Capital

Louisiana-Pacific (NYSE:LPX) was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $110.00 price target on the building manufacturing company’s stock. Loop Capital’s target price suggests a potential upside of 21.73% from the company’s current price.

A number of other equities research analysts also recently commented on LPX. TD Securities decreased their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Truist Financial lowered their target price on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $107.38.

Louisiana-Pacific Stock Up 0.7 %

LPX stock opened at $90.36 on Wednesday. The stock has a market capitalization of $6.30 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. Louisiana-Pacific has a 52 week low of $78.82 and a 52 week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $89.08 and a 200 day moving average of $102.74.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. During the same period in the previous year, the company earned $1.53 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific in the 4th quarter worth about $35,000. Harbor Capital Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 65.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock valued at $61,000 after acquiring an additional 232 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Louisiana-Pacific by 56.2% in the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock valued at $75,000 after acquiring an additional 259 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Louisiana-Pacific by 41.5% in the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock worth $96,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.