Quad Graphics (NYSE:QUAD) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Quad Graphics (NYSE:QUAD) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Several other research analysts have also commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Quad Graphics in a report on Friday, July 24th. Benchmark upped their price objective on shares of Quad Graphics from $10.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Rosenblatt Securities raised their price objective on shares of Quad Graphics from $9.80 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Quad Graphics currently has a consensus rating of “Buy” and an average price target of $12.00.

Quad Graphics Price Performance

NYSE:QUAD opened at $10.50 on Monday. Quad Graphics has a one year low of $5.12 and a one year high of $11.15. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.60 and a current ratio of 0.87. The stock has a market cap of $541.48 million, a PE ratio of 16.67 and a beta of 1.11. The stock has a 50 day moving average price of $8.22 and a 200 day moving average price of $7.35.

Quad Graphics (NYSE:QUAD) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $577.50 million for the quarter, compared to the consensus estimate of $545.15 million. Quad Graphics had a return on equity of 47.90% and a net margin of 1.31%. Equities research analysts expect that Quad Graphics will post 1.27 EPS for the current fiscal year.

Quad Graphics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 17th. Quad Graphics’s dividend payout ratio is 63.49%.

Institutional Trading of Quad Graphics

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co purchased a new stake in Quad Graphics in the 4th quarter valued at about $26,000. State of Alaska Department of Revenue acquired a new stake in shares of Quad Graphics during the fourth quarter valued at about $29,000. BNP Paribas Financial Markets increased its position in shares of Quad Graphics by 113.1% during the third quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 3,019 shares during the last quarter. DGS Capital Management LLC acquired a new stake in shares of Quad Graphics during the first quarter valued at about $71,000. Finally, Stokes Family Office LLC purchased a new stake in shares of Quad Graphics in the 4th quarter valued at approximately $68,000. 39.52% of the stock is owned by institutional investors and hedge funds.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.