Louisiana-Pacific Corporation (NYSE:LPX) Downgraded by BidaskClub

BidaskClub cut shares of Louisiana-Pacific Corporation (NYSE:LPX) from a buy rating to a hold rating in a report published on Thursday, July 27th.

LPX has been the topic of several other research reports. Royal Bank Of Canada reaffirmed a buy rating and issued a $26.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Tuesday, April 18th. Zacks Investment Research downgraded Louisiana-Pacific Corporation from a strong-buy rating to a hold rating in a research report on Wednesday, May 10th. DA Davidson downgraded Louisiana-Pacific Corporation from a buy rating to a neutral rating in a research report on Monday, May 8th. TD Securities reaffirmed a hold rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 9th. Finally, Buckingham Research downgraded Louisiana-Pacific Corporation from a buy rating to a neutral rating and set a $27.00 price objective on the stock. in a research report on Wednesday, April 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Louisiana-Pacific Corporation currently has an average rating of Hold and a consensus price target of $27.00.

Louisiana-Pacific Corporation (LPX) opened at 24.07 on Thursday. Louisiana-Pacific Corporation has a one year low of $17.08 and a one year high of $26.92. The stock has a 50 day moving average of $24.70 and a 200 day moving average of $24.07. The company has a market cap of $3.49 billion, a PE ratio of 13.71 and a beta of 1.34.

Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $694 million during the quarter, compared to the consensus estimate of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. On average, analysts anticipate that Louisiana-Pacific Corporation will post $1.90 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its position in Louisiana-Pacific Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock worth $489,000 after buying an additional 52 shares during the last quarter. Teacher Retirement System of Texas increased its position in Louisiana-Pacific Corporation by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 11,534 shares of the construction company’s stock worth $278,000 after buying an additional 54 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Louisiana-Pacific Corporation by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares during the last quarter. Acrospire Investment Management LLC increased its position in Louisiana-Pacific Corporation by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock worth $192,000 after buying an additional 60 shares during the last quarter. Finally, Creative Planning increased its position in Louisiana-Pacific Corporation by 1.9% in the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock worth $187,000 after buying an additional 147 shares during the last quarter. 93.94% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Corporation 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.

Analyst Recommendations for Louisiana-Pacific Corporation (NYSE:LPX)

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