Zacks: RR Donnelley & Sons Co (NYSE:RRD) Given $8.00 Consensus Target Price by Brokerages

RR Donnelley & Sons Co (NYSE:RRD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $8.00 for the company, according to Zacks. Zacks has also assigned RR Donnelley & Sons an industry rank of 85 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research raised RR Donnelley & Sons from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Thursday, September 12th.

Shares of RRD traded down $0.04 during trading hours on Tuesday, hitting $4.75. The stock had a trading volume of 4,126 shares, compared to its average volume of 1,181,038. RR Donnelley & Sons has a 12 month low of $1.67 and a 12 month high of $6.76. The firm has a market capitalization of $327.10 million, a PE ratio of 6.84 and a beta of 1.67. The stock has a fifty day moving average price of $3.54 and a 200 day moving average price of $2.91.

RR Donnelley & Sons (NYSE:RRD) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.12. RR Donnelley & Sons had a negative return on equity of 23.01% and a negative net margin of 0.07%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted ($0.09) earnings per share. RR Donnelley & Sons’s revenue was down 10.2% compared to the same quarter last year. As a group, analysts forecast that RR Donnelley & Sons will post 0.71 EPS for the current fiscal year.

In related news, major shareholder Chatham Asset Management, Llc purchased 508,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $2.21 per share, with a total value of $1,122,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 1,934,000 shares of company stock valued at $4,127,960 in the last ninety days. 1.07% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RRD. Point72 Hong Kong Ltd bought a new position in shares of RR Donnelley & Sons in the second quarter worth about $34,000. Public Employees Retirement System of Ohio boosted its stake in shares of RR Donnelley & Sons by 20.5% in the second quarter. Public Employees Retirement System of Ohio now owns 31,795 shares of the business services provider’s stock worth $63,000 after acquiring an additional 5,407 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of RR Donnelley & Sons by 59.7% in the second quarter. Meeder Asset Management Inc. now owns 49,447 shares of the business services provider’s stock worth $98,000 after acquiring an additional 18,492 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of RR Donnelley & Sons in the second quarter worth about $115,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of RR Donnelley & Sons by 18.4% in the second quarter. UBS Asset Management Americas Inc. now owns 64,568 shares of the business services provider’s stock worth $127,000 after acquiring an additional 10,054 shares during the period. 85.98% of the stock is owned by hedge funds and other institutional investors.

About RR Donnelley & Sons

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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