Louisiana-Pacific (LPX) Given a $32.00 Price Target by Stephens Analysts
Louisiana-Pacific (NYSE:LPX) has been given a $32.00 target price by research analysts at Stephens in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the construction company’s stock. Stephens’ target price would suggest a potential upside of 5.09% from the company’s current price.
LPX has been the subject of several other reports. Bank of America upgraded Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. Vertical Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. BMO Capital Markets set a $25.00 target price on Louisiana-Pacific and gave the company a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated a “buy” rating and issued a $37.00 target price on shares of Louisiana-Pacific in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $30.83.
Shares of Louisiana-Pacific (NYSE:LPX) opened at $30.45 on Tuesday. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24. Louisiana-Pacific has a 1-year low of $22.07 and a 1-year high of $31.07. The firm has a market capitalization of $4,120.20, a PE ratio of 14.71, a price-to-earnings-growth ratio of 2.74 and a beta of 1.62.
A number of hedge funds and other institutional investors have recently made changes to their positions in LPX. State Street Corp lifted its position in Louisiana-Pacific by 4.5% in the 2nd quarter. State Street Corp now owns 4,649,675 shares of the construction company’s stock valued at $112,109,000 after acquiring an additional 202,141 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in Louisiana-Pacific by 117.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,467 shares of the construction company’s stock valued at $325,000 after acquiring an additional 7,282 shares in the last quarter. Nomura Holdings Inc. bought a new position in Louisiana-Pacific in the 2nd quarter valued at about $434,000. Sterling Capital Management LLC lifted its position in Louisiana-Pacific by 9.5% in the 2nd quarter. Sterling Capital Management LLC now owns 35,940 shares of the construction company’s stock valued at $867,000 after acquiring an additional 3,104 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Louisiana-Pacific by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares in the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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