LSC Communications (LKSD) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of LSC Communications (NYSE:LKSD) from a hold rating to a buy rating in a report released on Wednesday. Zacks Investment Research currently has $11.00 price objective on the stock.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

LKSD has been the subject of several other reports. ValuEngine upgraded LSC Communications from a strong sell rating to a sell rating in a research report on Thursday, August 9th. Buckingham Research dropped their target price on LSC Communications from $22.00 to $19.00 and set a buy rating for the company in a research report on Thursday, November 1st. Finally, Citigroup dropped their target price on LSC Communications from $14.00 to $11.00 and set a neutral rating for the company in a research report on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $14.40.

NYSE:LKSD traded down $0.02 during trading hours on Wednesday, hitting $10.44. The company’s stock had a trading volume of 739,201 shares, compared to its average volume of 976,137. The firm has a market capitalization of $340.39 million, a PE ratio of 5.30, a price-to-earnings-growth ratio of -2.47 and a beta of 0.14. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 3.06. LSC Communications has a twelve month low of $7.78 and a twelve month high of $18.64.

LSC Communications (NYSE:LKSD) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.12). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $971.00 million. LSC Communications had a negative net margin of 1.67% and a positive return on equity of 23.53%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.73 earnings per share. On average, analysts anticipate that LSC Communications will post 2.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 9.96%. LSC Communications’s dividend payout ratio (DPR) is 52.79%.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of LSC Communications during the second quarter worth about $223,000. BlackRock Inc. raised its position in shares of LSC Communications by 1.0% during the second quarter. BlackRock Inc. now owns 4,929,675 shares of the company’s stock worth $77,198,000 after acquiring an additional 51,030 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of LSC Communications by 1.9% during the first quarter. Principal Financial Group Inc. now owns 267,433 shares of the company’s stock worth $4,667,000 after acquiring an additional 4,983 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of LSC Communications during the second quarter worth about $110,000. Finally, Wells Fargo & Company MN raised its position in shares of LSC Communications by 19.3% during the second quarter. Wells Fargo & Company MN now owns 578,820 shares of the company’s stock worth $9,064,000 after acquiring an additional 93,658 shares during the last quarter. Institutional investors own 85.01% of the company’s stock.

About LSC Communications

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

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