Rosenblatt Securities Forecasts Strong Price Appreciation for Quad Graphics (NYSE:QUAD) Stock

Quad Graphics (NYSE:QUAD) had its price objective raised by Rosenblatt Securities from $9.80 to $13.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities’ target price indicates a potential upside of 25.85% from the company’s current price.

Several other research firms have also recently commented on QUAD. Benchmark initiated coverage on Quad Graphics in a research report on Tuesday, April 7th. They issued a “buy” rating and a $10.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Quad Graphics in a research note on Friday, July 24th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Quad Graphics currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Quad Graphics Price Performance

Shares of NYSE:QUAD opened at $10.33 on Thursday. The firm’s 50 day moving average is $8.09 and its two-hundred day moving average is $7.28. Quad Graphics has a 52 week low of $5.09 and a 52 week high of $10.39. The firm has a market capitalization of $532.61 million, a P/E ratio of 16.40 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 2.81.

Quad Graphics (NYSE:QUAD) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $577.50 million for the quarter, compared to analysts’ expectations of $545.15 million. Quad Graphics had a return on equity of 47.90% and a net margin of 1.31%. Analysts anticipate that Quad Graphics will post 1.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QUAD. CANADA LIFE ASSURANCE Co acquired a new stake in Quad Graphics in the fourth quarter worth approximately $26,000. State of Alaska Department of Revenue bought a new position in Quad Graphics during the 4th quarter valued at $29,000. BNP Paribas Financial Markets increased its position in shares of Quad Graphics by 113.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 3,019 shares during the period. Stokes Family Office LLC acquired a new position in shares of Quad Graphics during the 4th quarter valued at $68,000. Finally, DGS Capital Management LLC bought a new stake in shares of Quad Graphics in the 1st quarter worth $71,000. Institutional investors and hedge funds own 39.52% of the company’s stock.

About Quad Graphics

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.