Quad Graphics (NYSE:QUAD) Coverage Initiated by Analysts at Benchmark

Benchmark initiated coverage on shares of Quad Graphics (NYSE:QUAD) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $10.00 price target on the business services provider’s stock.

Several other research firms have also issued reports on QUAD. Rosenblatt Securities raised their price target on Quad Graphics from $8.20 to $9.80 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of Quad Graphics in a research report on Wednesday, January 28th. Zacks Research lowered Quad Graphics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Wall Street Zen raised shares of Quad Graphics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quad Graphics currently has an average rating of “Moderate Buy” and a consensus price target of $9.93.

Quad Graphics Stock Down 0.1%

Shares of NYSE QUAD opened at $7.08 on Tuesday. The firm has a market capitalization of $369.77 million, a PE ratio of 13.10 and a beta of 1.16. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 2.52. Quad Graphics has a 1 year low of $4.50 and a 1 year high of $7.54. The firm’s 50-day moving average is $6.62 and its 200-day moving average is $6.21.

Quad Graphics (NYSE:QUAD) last posted its quarterly earnings results on Tuesday, February 17th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Quad Graphics had a return on equity of 49.71% and a net margin of 1.12%.The business had revenue of $630.60 million for the quarter, compared to analyst estimates of $632.90 million. Equities analysts expect that Quad Graphics will post 1.08 EPS for the current year.

Quad Graphics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.10 per share. This is a boost from Quad Graphics’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 5.7%. The ex-dividend date was Friday, February 27th. Quad Graphics’s dividend payout ratio is presently 74.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QUAD. PFG Investments LLC lifted its stake in Quad Graphics by 5.4% in the fourth quarter. PFG Investments LLC now owns 97,443 shares of the business services provider’s stock valued at $611,000 after buying an additional 5,000 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Quad Graphics by 21.4% in the fourth quarter. Ritholtz Wealth Management now owns 177,559 shares of the business services provider’s stock valued at $1,113,000 after buying an additional 31,275 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Quad Graphics by 111.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 64,704 shares of the business services provider’s stock valued at $406,000 after buying an additional 34,142 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Quad Graphics by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 29,936 shares of the business services provider’s stock valued at $188,000 after buying an additional 2,861 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Quad Graphics in the fourth quarter valued at approximately $229,000. 39.52% of the stock is currently owned by institutional investors.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.