Louisiana-Pacific (LPX) PT Set at $31.00 by Stephens

Louisiana-Pacific (NYSE:LPX) has been assigned a $31.00 price target by investment analysts at Stephens in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the construction company’s stock. Stephens’ price target suggests a potential upside of 10.12% from the stock’s current price.

A number of other research firms have also weighed in on LPX. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific and gave the company an “outperform” rating in a report on Tuesday, September 26th. BMO Capital Markets downgraded Louisiana-Pacific from a “market perform” rating to an “underperform” rating and raised 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. Zacks Investment Research upgraded Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a research report on Wednesday, October 18th. Longbow Research restated a “neutral” rating on shares of Louisiana-Pacific in a research report on Tuesday, October 10th. Finally, Vertical Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Louisiana-Pacific currently has an average rating of “Hold” and a consensus price target of $29.50.

Louisiana-Pacific (NYSE LPX) opened at $28.15 on Wednesday. Louisiana-Pacific has a fifty-two week low of $18.69 and a fifty-two week high of $29.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.31. The firm has a market cap of $4,070.00, a price-to-earnings ratio of 13.60, a P/E/G ratio of 2.88 and a beta of 1.52.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its position in Louisiana-Pacific 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. Affinity Wealth Management lifted its position in Louisiana-Pacific by 1.9% in the second quarter. Affinity Wealth Management now owns 9,653 shares of the construction company’s stock worth $233,000 after buying an additional 183 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Louisiana-Pacific by 0.6% in the second quarter. Ameritas Investment Partners Inc. now owns 55,612 shares of the construction company’s stock worth $1,341,000 after buying an additional 317 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Louisiana-Pacific by 10.5% in the second 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 last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Louisiana-Pacific by 1.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 77,507 shares of the construction company’s stock worth $1,869,000 after buying an additional 847 shares during the last quarter. Institutional investors own 93.08% of the company’s stock.

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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.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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