Quad Graphics (NYSE:QUAD) Cut to Hold at Zacks Research

Zacks Research cut shares of Quad Graphics (NYSE:QUAD) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Rosenblatt Securities lowered their price target on Quad Graphics from $8.90 to $8.60 and set a “buy” rating on the stock in a report on Thursday, July 31st. Wall Street Zen cut Quad Graphics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Quad Graphics in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Quad Graphics currently has an average rating of “Moderate Buy” and a consensus target price of $9.30.

Quad Graphics Stock Performance

QUAD stock opened at $6.12 on Monday. The stock’s 50 day simple moving average is $6.35 and its 200 day simple moving average is $5.77. The stock has a market capitalization of $308.62 million, a PE ratio of -19.11 and a beta of 1.38. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 4.85. Quad Graphics has a 12-month low of $4.50 and a 12-month high of $9.13.

Quad Graphics (NYSE:QUAD) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $571.90 million for the quarter, compared to analysts’ expectations of $555.05 million. Quad Graphics had a positive return on equity of 70.06% and a negative net margin of 0.55%. As a group, research analysts forecast that Quad Graphics will post 1.08 earnings per share for the current fiscal year.

Quad Graphics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, August 18th. Quad Graphics’s dividend payout ratio is -93.75%.

Institutional Investors Weigh In On Quad Graphics

A number of institutional investors have recently bought and sold shares of the business. LSV Asset Management increased its stake in Quad Graphics by 8.5% in the 2nd quarter. LSV Asset Management now owns 1,402,780 shares of the business services provider’s stock worth $7,926,000 after buying an additional 110,462 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Quad Graphics by 1.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,117,060 shares of the business services provider’s stock worth $6,088,000 after buying an additional 16,910 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Quad Graphics by 1.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 752,952 shares of the business services provider’s stock worth $4,104,000 after buying an additional 13,948 shares in the last quarter. Geode Capital Management LLC increased its stake in Quad Graphics by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock worth $3,977,000 after buying an additional 1,837 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Quad Graphics in the 1st quarter worth $2,101,000. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Quad Graphics Company Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.