Barclays Has Lowered Expectations for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its target price reduced by equities researchers at Barclays from $93.00 to $92.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the building manufacturing company’s stock. Barclays‘s price target suggests a potential upside of 21.32% from the stock’s current price.

Other analysts have also recently issued reports about the company. DA Davidson reissued a “buy” rating and set a $114.00 price objective on shares of Louisiana-Pacific in a report on Tuesday, May 5th. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Finally, The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $66.00 to $74.00 and gave the company a “sell” rating in a report on Thursday. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.55.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock traded down $1.53 during trading on Thursday, hitting $75.83. 121,251 shares of the company’s stock traded hands, compared to its average volume of 1,145,349. The company has a market cap of $5.30 billion, a PE ratio of 64.25, a PEG ratio of 2.50 and a beta of 1.62. The firm’s fifty day moving average price is $75.14 and its 200 day moving average price is $77.81. Louisiana-Pacific has a twelve month low of $66.12 and a twelve month high of $102.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $665.00 million for the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. Analysts forecast that Louisiana-Pacific will post 1.86 earnings per share for the current year.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in shares of Louisiana-Pacific in the 1st quarter valued at about $25,000. North Ridge Wealth Advisors Inc. acquired a new position in Louisiana-Pacific during the second quarter worth approximately $26,000. Parallel Advisors LLC raised its stake in Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after buying an additional 255 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at approximately $29,000. Finally, Root Financial Partners LLC boosted its stake in shares of Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after acquiring an additional 277 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.