Posted by admin on May 6th, 2022

Louisiana-Pacific (NYSE:LPX – Get Rating) had its price target raised by TD Securities from $75.00 to $85.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the building manufacturing company’s stock. TD Securities’ target price indicates a potential upside of 9.66% from the company’s previous close.

Several other brokerages also recently commented on LPX. The Goldman Sachs Group upgraded shares of Louisiana-Pacific from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $59.00 to $84.00 in a research report on Friday, January 21st. StockNews.com began coverage on shares of Louisiana-Pacific in a research note on Thursday, March 31st. They set a “hold” rating on the stock. DA Davidson reaffirmed a “buy” rating on shares of Louisiana-Pacific in a research note on Wednesday, February 23rd. Finally, Zacks Investment Research cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Friday, April 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of “Buy” and an average price target of $80.25.

Shares of LPX opened at $77.51 on Wednesday. Louisiana-Pacific has a one year low of $50.12 and a one year high of $79.77. The company has a market cap of $6.67 billion, a P/E ratio of 4.68 and a beta of 1.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.62. The firm has a 50 day simple moving average of $65.89 and a two-hundred day simple moving average of $68.46.

Louisiana-Pacific (NYSE:LPX – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The building manufacturing company reported $5.08 EPS for the quarter, beating the consensus estimate of $4.63 by $0.45. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $3.01 earnings per share. The company’s revenue was up 31.5% on a year-over-year basis. On average, analysts expect that Louisiana-Pacific will post 13.02 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of LPX. Bessemer Group Inc. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $27,000. Cordasco Financial Network bought a new stake in shares of Louisiana-Pacific in the third quarter worth $36,000. TCI Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the first quarter worth $39,000. Ahrens Investment Partners LLC bought a new stake in shares of Louisiana-Pacific in the first quarter worth $40,000. Finally, Rather & Kittrell Inc. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $43,000. 94.99% of the stock is currently owned by institutional investors.

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

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