Quad Graphics (NYSE:QUAD) Price Target Raised to $9.80

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

Several other analysts have also recently issued reports on QUAD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quad Graphics in a report on Wednesday, January 28th. Zacks Research downgraded shares of Quad Graphics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. 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. Finally, Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Quad Graphics in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Quad Graphics currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.90.

Quad Graphics Trading Down 6.7%

Shares of Quad Graphics stock opened at $6.92 on Wednesday. Quad Graphics has a twelve month low of $4.50 and a twelve month high of $7.54. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 2.52. The business has a 50-day moving average price of $6.36 and a 200-day moving average price of $6.18. The firm has a market cap of $361.38 million, a price-to-earnings ratio of 12.81 and a beta of 1.10.

Quad Graphics (NYSE:QUAD) last issued its 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 firm had revenue of $630.60 million for the quarter, compared to analysts’ expectations of $632.90 million. Equities research analysts anticipate that Quad Graphics will post 1.08 EPS for the current fiscal year.

Quad Graphics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.10 dividend. This is a boost from Quad Graphics’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 27th. This represents a $0.40 annualized dividend and a dividend yield of 5.8%. Quad Graphics’s dividend payout ratio (DPR) is 55.56%.

Hedge Funds Weigh In On Quad Graphics

Several hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co bought a new position in shares of Quad Graphics during the fourth quarter valued at approximately $26,000. State of Alaska Department of Revenue purchased a new position in Quad Graphics during the 4th quarter valued at $29,000. BNP Paribas Financial Markets grew its position in Quad Graphics by 113.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 3,019 shares during the last quarter. CWM LLC increased its stake in Quad Graphics by 48.3% in 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 stake in shares of Quad Graphics during the fourth quarter worth $68,000. 39.52% of the stock is currently 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.