Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Louisiana-Pacific (NYSE:LPX - Get Rating) had its price target decreased by investment analysts at The Goldman Sachs Group from $90.00 to $65.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a "neutral" rating on the building manufacturing company's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 26.80% from the company's previous close.

Several other brokerages have also issued reports on LPX. Bank of America lowered shares of Louisiana-Pacific from a "buy" rating to a "neutral" rating and set a $67.00 target price for the company. in a research report on Thursday. DA Davidson reissued a "buy" rating on shares of Louisiana-Pacific in a research note on Wednesday, February 23rd. TD Securities decreased their target price on shares of Louisiana-Pacific from $85.00 to $75.00 in a research note on Thursday. Finally, StockNews.com started coverage on shares of Louisiana-Pacific in a research note on Thursday, March 31st. They issued a "hold" rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $72.25.

It could be true, according to Nevada Governor Steve Sisolak. The state's desert flats contain more lithium than any other geography in the world. And with electric vehicles driving a global boom in demand for lithium-ion batteries, Nevada should be on every investor's radar.

Shares of LPX stock traded down $2.21 during trading hours on Thursday, reaching $51.26. The stock had a trading volume of 47,010 shares, compared to its average volume of 1,358,167. The stock's fifty day simple moving average is $66.19 and its 200 day simple moving average is $68.44. The company has a current ratio of 2.92, a quick ratio of 2.09 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 12 month low of $50.12 and a 12 month high of $79.77. The firm has a market capitalization of $4.21 billion, a PE ratio of 3.09 and a beta of 1.53.

Louisiana-Pacific (NYSE:LPX - Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The building manufacturing company reported $5.08 EPS for the quarter, beating analysts' consensus estimates of $4.54 by $0.54. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the business earned $3.01 earnings per share. Louisiana-Pacific's revenue was up 31.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Louisiana-Pacific will post 14.87 EPS for the current fiscal year.

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 7,635 shares of the business's stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $75.02, for a total transaction of $572,777.70. Following the transaction, the director now directly owns 31,522 shares of the company's stock, valued at approximately $2,364,780.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Zions Bancorporation N.A. purchased a new position in Louisiana-Pacific in the 1st quarter worth about $25,000. Bessemer Group Inc. purchased a new position in Louisiana-Pacific in the 4th quarter worth about $27,000. TCI Wealth Advisors Inc. purchased a new position in Louisiana-Pacific in the 1st quarter worth about $39,000. Ahrens Investment Partners LLC purchased a new position in Louisiana-Pacific in the 1st quarter worth about $40,000. Finally, Rather & Kittrell Inc. purchased a new position in Louisiana-Pacific in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 94.99% of the company's stock.

Louisiana-Pacific Company Profile (Get Rating)

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.

Further ReadingGet a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)It’s A Comfortable Time To Buy Steelcase Worthington's Posts Strong Results, But Earnings Fall On One-Off AdjustmentsA Tasty Entry Point Into Darden Restaurants International NXP Semiconductors: Strong Earnings & New Microcontrollers for Electric VehiclesLithium Stocks Are Offering Unprecedented Opportunity To Investors

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Louisiana-Pacific, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Louisiana-Pacific wasn't on the list.

While Louisiana-Pacific currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

In this episode, Kate sits down with Kyrill Astur, CEO of portfolio management firm Centerfin. Kyrill brings a background from Wall Street and hedge funds to his current role helping individual investors navigate the market challenges while investing for their future.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.