DA Davidson Raises Louisiana-Pacific (LPX) Price Target to $33.00

Louisiana-Pacific (NYSE:LPX) had its price objective boosted by equities research analysts at DA Davidson to $33.00 in a report released on Wednesday, The Fly reports. The firm currently has a “neutral” rating on the construction company’s stock. DA Davidson’s target price indicates a potential upside of 13.52% from the stock’s current price. DA Davidson also issued estimates for Louisiana-Pacific’s Q1 2018 earnings at $0.74 EPS, Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $2.73 EPS and FY2019 earnings at $2.37 EPS.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, January 9th. Stephens initiated coverage on Louisiana-Pacific in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price target on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of Louisiana-Pacific in a research note on Monday, October 30th. Bank of America raised Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. Finally, Vertical Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.71.

Louisiana-Pacific (LPX) opened at $29.07 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.03 and a quick ratio of 4.31. The company has a market capitalization of $4,358.64, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 2.90 and a beta of 1.62. Louisiana-Pacific has a one year low of $22.07 and a one year high of $31.07.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. The company had revenue of $710.60 million for the quarter, compared to analyst estimates of $654.26 million. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. The business’s revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. sell-side analysts expect that Louisiana-Pacific will post 2.08 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Louisiana-Pacific by 3.0% in the fourth quarter. BlackRock Inc. now owns 17,529,786 shares of the construction company’s stock valued at $460,331,000 after buying an additional 503,239 shares during the period. Dimensional Fund Advisors LP lifted its stake in Louisiana-Pacific by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,814,005 shares of the construction company’s stock valued at $130,370,000 after buying an additional 20,054 shares during the period. State Street Corp lifted its stake in Louisiana-Pacific by 4.5% in the second quarter. State Street Corp now owns 4,649,675 shares of the construction company’s stock valued at $112,109,000 after buying an additional 202,141 shares during the period. Bank of New York Mellon Corp lifted its stake in Louisiana-Pacific by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,734,888 shares of the construction company’s stock valued at $98,078,000 after buying an additional 322,381 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Louisiana-Pacific by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,464,000 shares of the construction company’s stock valued at $90,965,000 after buying an additional 783,116 shares during the period. 92.31% of the stock is currently owned by hedge funds and other institutional investors.

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Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

The Fly

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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