Rosenblatt Securities Issues Positive Forecast for Quad Graphics (NYSE:QUAD) Stock Price

Quad Graphics (NYSE:QUAD) had its price objective raised by Rosenblatt Securities from $8.20 to $9.80 in a report published on Wednesday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the business services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Wall Street Zen upgraded shares of Quad Graphics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Zacks Research downgraded shares of Quad Graphics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Quad Graphics in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quad Graphics in a report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.90.

Quad Graphics Stock Down 1.6%

NYSE:QUAD opened at $7.24 on Wednesday. The company has a market cap of $368.57 million, a price-to-earnings ratio of 13.41 and a beta of 1.10. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.63 and a current ratio of 0.86. The stock’s fifty day moving average price is $6.34 and its two-hundred day moving average price is $6.17. Quad Graphics has a 52-week low of $4.50 and a 52-week high of $7.54.

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

Quad Graphics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 27th. 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 5.5%. Quad Graphics’s payout ratio is currently 55.56%.

Hedge Funds Weigh In On Quad Graphics

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co bought a new stake in shares of Quad Graphics in the 4th quarter valued at $26,000. State of Alaska Department of Revenue bought a new stake in shares of Quad Graphics in the fourth quarter worth about $29,000. BNP Paribas Financial Markets increased its holdings in shares of Quad Graphics by 113.1% in the third quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock worth $36,000 after acquiring an additional 3,019 shares in the last quarter. CWM LLC raised its position in shares of Quad Graphics by 48.3% during the second quarter. CWM LLC now owns 7,572 shares of the business services provider’s stock worth $43,000 after purchasing an additional 2,466 shares during the period. Finally, Stokes Family Office LLC bought a new position in shares of Quad Graphics during the 4th quarter valued at about $68,000. 39.52% of the stock is owned by institutional investors.

Quad Graphics Company Profile

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.