Louisiana-Pacific (NYSE:LPX) Upgraded to “Buy” by Zacks Investment Research

Louisiana-Pacific (NYSE:LPX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, January 9th. The brokerage presently has a $31.00 price objective on the construction company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 10.48% from the stock’s previous close.

According to Zacks, “Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company’s products are used by homebuilders and light commercial builders. Louisiana-Pacific’s products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, laminated veneer lumber, laminated strand lumber and interior decorative moulding. “

A number of other research firms also recently weighed in on LPX. Vertical Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of Louisiana-Pacific in a research report on Monday, October 30th. Stephens started coverage on Louisiana-Pacific in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price target for the company. Longbow Research reaffirmed a “neutral” rating on shares of Louisiana-Pacific in a research report on Tuesday, October 10th. Finally, BMO Capital Markets downgraded Louisiana-Pacific from a “market perform” rating to an “underperform” rating and upped their price target for the stock from $22.00 to $24.00 in a research report on Friday, September 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.50.

Shares of Louisiana-Pacific (LPX) traded up $0.41 during mid-day trading on Tuesday, hitting $28.06. The stock had a trading volume of 936,196 shares, compared to its average volume of 1,360,682. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24. The company has a market cap of $4,070.00, a PE ratio of 13.56, a PEG ratio of 2.92 and a beta of 1.52. Louisiana-Pacific has a one year low of $18.69 and a one year high of $29.44.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Monday, November 6th. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The business had revenue of $718.30 million for the quarter, compared to the consensus estimate of $731.47 million. During the same period in the previous year, the company posted $0.32 earnings per share. Louisiana-Pacific’s revenue for the quarter was up 20.4% compared to the same quarter last year. analysts anticipate that Louisiana-Pacific will post 2.21 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Louisiana-Pacific by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock worth $137,000 after buying an additional 539 shares during the period. Public Employees Retirement System of Ohio increased its position in Louisiana-Pacific by 1.0% during the 2nd 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 period. Flinton Capital Management LLC increased its position in Louisiana-Pacific by 76.1% during the 2nd quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock worth $176,000 after buying an additional 3,152 shares during the period. Riverhead Capital Management LLC increased its position in Louisiana-Pacific by 78.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,187 shares of the construction company’s stock worth $197,000 after buying an additional 3,587 shares during the period. Finally, Greenwood Capital Associates LLC bought a new position in Louisiana-Pacific during the 3rd quarter worth $202,000. 93.08% of the stock is owned by institutional investors and hedge funds.

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About Louisiana-Pacific

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.

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