Louisiana-Pacific (NYSE:LPX) Stock Gets Price Target Cut from The Goldman Sachs Group

Louisiana-Pacific (NYSE:LPX) had its price target reduced by investment analysts at The Goldman Sachs Group from $74.00 to $64.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “sell” rating on the building manufacturing company’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 2.95% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. TD increased their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Jefferies Financial Group initiated coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price objective on the stock. Bank of America upped their price objective on Louisiana-Pacific from $85.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. DA Davidson restated a “buy” rating and issued a $99.00 price objective on shares of Louisiana-Pacific in a research note on Wednesday, September 2nd. Finally, Wolfe Research began coverage on Louisiana-Pacific in a research note on Thursday, September 10th. They set an “outperform” rating and a $90.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

Louisiana-Pacific Stock Up 0.4%

Shares of Louisiana-Pacific stock traded up $0.26 during trading on Monday, reaching $65.95. 558,613 shares of the company traded hands, compared to its average volume of 1,138,091. The company has a 50 day moving average price of $69.50 and a 200-day moving average price of $72.39. Louisiana-Pacific has a 1-year low of $62.18 and a 1-year high of $100.34. The firm has a market capitalization of $4.61 billion, a PE ratio of 83.49, a P/E/G ratio of 10.02 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $664.00 million during the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The company’s revenue was down 12.1% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. As a group, equities research analysts expect that Louisiana-Pacific will post 1.08 earnings per share for the current fiscal year.

Institutional Trading of Louisiana-Pacific

A number of institutional investors have recently added to or reduced their stakes in LPX. Western Wealth Management LLC purchased a new position in Louisiana-Pacific during the 1st quarter valued at about $25,000. Parallel Advisors LLC increased its position in shares of Louisiana-Pacific by 204.0% during the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after buying an additional 255 shares during the period. Root Financial Partners LLC lifted its holdings in shares of Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after buying an additional 277 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Louisiana-Pacific by 138.1% in the first quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock worth $36,000 after buying an additional 290 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Louisiana-Pacific by 1,505.4% in the first quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company’s stock worth $43,000 after buying an additional 557 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential and light commercial construction. The company’s portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.