Louisiana-Pacific (NYSE:LPX) Stock Keeps Buy Rating at Truist Financial

Louisiana-Pacific (NYSE:LPX – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Truist Financial in a research report issued on Wednesday, Benzinga reports. They presently have a $84.00 price target on the building manufacturing company’s stock, down from their previous price target of $89.00. Truist Financial‘s price objective would indicate a potential upside of 9.19% from the company’s previous close.

LPX has been the topic of a number of other research reports. Royal Bank Of Canada reduced their price objective on Louisiana-Pacific from $92.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Oppenheimer lowered their target price on Louisiana-Pacific from $107.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, October 26th. TD raised their target price on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating and issued a $90.00 price target on shares of Louisiana-Pacific in a research report on Wednesday. Finally, Wolfe Research began coverage on shares of Louisiana-Pacific in a research note on Thursday, September 10th. They set an “outperform” rating and a $90.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.58.

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Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock traded up $3.14 during trading on Wednesday, reaching $76.93. 388,029 shares of the stock traded hands, compared to its average volume of 1,156,668. Louisiana-Pacific has a 52-week low of $62.18 and a 52-week high of $100.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67. The business has a fifty day simple moving average of $68.54 and a two-hundred day simple moving average of $75.25. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 97.01, a P/E/G ratio of 5.88 and a beta of 1.67.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The company had revenue of $690.00 million for the quarter, compared to the consensus estimate of $671.27 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts expect that Louisiana-Pacific will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in LPX. BlackRock Inc. bought a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at approximately $506,638,000. Berkshire Hathaway Inc purchased a new position in shares of Louisiana-Pacific in the 2nd quarter worth approximately $445,593,000. Maple Rock Capital Partners Inc. increased its position in shares of Louisiana-Pacific by 36.8% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock valued at $119,709,000 after purchasing an additional 409,300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Louisiana-Pacific by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock valued at $119,279,000 after purchasing an additional 15,232 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at approximately $43,845,000. 94.73% of the stock is owned by institutional investors.

Key Headlines Impacting Louisiana-Pacific

Here are the key news stories impacting Louisiana-Pacific this week:

About Louisiana-Pacific

(Get Free Report)

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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