Louisiana-Pacific (NYSE:LPX) Raised to “Buy” at TD Securities

Louisiana-Pacific (NYSE:LPXGet Rating) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other research firms also recently weighed in on LPX. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, December 15th. DA Davidson reaffirmed a “buy” rating on shares of Louisiana-Pacific in a report on Wednesday, February 23rd. StockNews.com started coverage on shares of Louisiana-Pacific in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $87.00 price objective for the company in a research report on Tuesday, December 14th. Finally, The Goldman Sachs Group upgraded shares of Louisiana-Pacific from a “sell” rating to a “neutral” rating and upped their price objective for the company from $59.00 to $84.00 in a research report on Friday, January 21st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $84.60.

LPX opened at $59.32 on Tuesday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 4.25 and a beta of 1.67. Louisiana-Pacific has a 1 year low of $50.12 and a 1 year high of $79.77. The company has a current ratio of 2.54, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $67.16 and a 200 day moving average price of $68.30.

Louisiana-Pacific (NYSE:LPXGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The building manufacturing company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.38. The business had revenue of $992.00 million for the quarter, compared to analyst estimates of $912.74 million. Louisiana-Pacific had a return on equity of 100.29% and a net margin of 30.24%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 earnings per share. As a group, sell-side analysts forecast that Louisiana-Pacific will post 13.02 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Louisiana-Pacific by 256.3% in the 1st quarter. FMR LLC now owns 459,499 shares of the building manufacturing company’s stock worth $11,203,000 after purchasing an additional 330,547 shares in the last quarter. Morgan Stanley increased its holdings in Louisiana-Pacific by 95.4% in the 2nd quarter. Morgan Stanley now owns 1,448,960 shares of the building manufacturing company’s stock worth $87,358,000 after acquiring an additional 707,350 shares during the last quarter. Bank of America Corp DE grew its holdings in Louisiana-Pacific by 23.7% during the 2nd quarter. Bank of America Corp DE now owns 1,948,543 shares of the building manufacturing company’s stock valued at $117,478,000 after buying an additional 372,784 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in Louisiana-Pacific by 33.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 8,282 shares of the building manufacturing company’s stock valued at $508,000 after buying an additional 2,060 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Louisiana-Pacific by 126.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 22,828 shares of the building manufacturing company’s stock valued at $1,455,000 after buying an additional 12,764 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Company Profile (Get Rating)

Louisiana-Pacific Corp. engages in designing, manufacturing and marketing of products for the new home construction, repair and remodeling and outdoor structures markets. It operates through the following four segments: Siding, Oriented Strand Board (OSB), Engineered Wood Products, and South America.

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