Quad/Graphics’ (QUAD) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Quad/Graphics (NYSE:QUAD) in a report released on Tuesday,Benzinga reports. Rosenblatt Securities currently has a $10.30 target price on the business services provider’s stock.

Other analysts have also issued reports about the stock. StockNews.com lowered shares of Quad/Graphics from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Quad/Graphics in a research note on Tuesday, November 26th.

Quad/Graphics Trading Down 15.2 %

Shares of NYSE:QUAD opened at $6.60 on Tuesday. The company has a market cap of $343.73 million, a PE ratio of -6.05 and a beta of 1.57. The company’s 50-day moving average price is $7.04 and its 200 day moving average price is $6.16. Quad/Graphics has a fifty-two week low of $4.06 and a fifty-two week high of $9.13. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 8.35.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.02). Quad/Graphics had a negative net margin of 1.90% and a positive return on equity of 58.44%. The firm had revenue of $708.40 million during the quarter, compared to the consensus estimate of $726.70 million. Sell-side analysts anticipate that Quad/Graphics will post 1.08 earnings per share for the current year.

Quad/Graphics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.075 dividend. This is an increase from Quad/Graphics’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Friday, February 28th. Quad/Graphics’s payout ratio is presently -18.35%.

Institutional Trading of Quad/Graphics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PharVision Advisers LLC bought a new stake in shares of Quad/Graphics in the 4th quarter worth approximately $732,000. Two Sigma Investments LP raised its holdings in shares of Quad/Graphics by 15.5% in the 4th quarter. Two Sigma Investments LP now owns 148,470 shares of the business services provider’s stock worth $1,035,000 after purchasing an additional 19,894 shares in the last quarter. Man Group plc bought a new stake in shares of Quad/Graphics in the 4th quarter worth approximately $265,000. Numerai GP LLC bought a new stake in shares of Quad/Graphics in the 4th quarter worth approximately $173,000. Finally, Millennium Management LLC raised its holdings in shares of Quad/Graphics by 133.5% in the 4th quarter. Millennium Management LLC now owns 88,352 shares of the business services provider’s stock worth $616,000 after purchasing an additional 50,517 shares in the last quarter. 39.52% of the stock is currently owned by institutional investors.

About Quad/Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.