Royal Bank Of Canada Issues Pessimistic Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price objective reduced by investment analysts at Royal Bank Of Canada from $114.00 to $104.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the building manufacturing company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 32.47% from the stock’s current price.

LPX has been the subject of a number of other reports. Truist Financial reduced their target price on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 11th. Vertical Research initiated coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They set a “buy” rating for the company. Wall Street Zen cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, DA Davidson restated a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.33.

Louisiana-Pacific Stock Up 1.7%

LPX stock opened at $78.51 on Thursday. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 18.52 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. The business’s 50-day moving average is $90.09 and its two-hundred day moving average is $90.72. Louisiana-Pacific has a fifty-two week low of $76.25 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $670.26 million. During the same period in the previous year, the company earned $1.22 EPS. Louisiana-Pacific’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the sale, the director owned 29,728 shares in the company, valued at approximately $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chung Wu Investment Group LLC bought a new stake in shares of Louisiana-Pacific during the second quarter valued at approximately $26,000. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific during the second quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Louisiana-Pacific in the 2nd quarter worth $34,000. Versant Capital Management Inc boosted its holdings in shares of Louisiana-Pacific by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after purchasing an additional 127 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $44,000. 94.73% of the stock is currently owned by institutional investors.

About Louisiana-Pacific

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.