Louisiana-Pacific (NYSE:LPX – Get Rating) had its price objective lowered by stock analysts at TD Securities from $85.00 to $75.00 in a report issued on Thursday, The Fly reports. TD Securities’ price objective would indicate a potential upside of 40.27% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. Bank of America downgraded Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $67.00 price objective for the company. in a research report on Thursday. DA Davidson restated a “buy” rating on shares of Louisiana-Pacific in a research report on Wednesday, February 23rd. Finally, StockNews.com initiated coverage on Louisiana-Pacific in a research report on Thursday, March 31st. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.
Louisiana-Pacific stock opened at $53.47 on Thursday. The company has a current ratio of 2.92, a quick ratio of 2.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $4.39 billion, a PE ratio of 3.23 and a beta of 1.53. Louisiana-Pacific has a 12 month low of $50.12 and a 12 month high of $79.77. The stock has a 50-day moving average price of $66.19 and a two-hundred day moving average price of $68.44.
In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 7,635 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $75.02, for a total value of $572,777.70. Following the completion of the sale, the director now owns 31,522 shares of the company’s stock, valued at $2,364,780.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. acquired a new stake in Louisiana-Pacific in the fourth quarter valued at approximately $27,000. Zions Bancorporation N.A. acquired a new stake in Louisiana-Pacific in the first quarter valued at approximately $25,000. Rather & Kittrell Inc. purchased a new position in shares of Louisiana-Pacific during the fourth quarter valued at approximately $43,000. TCI Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $39,000. Finally, Ahrens Investment Partners LLC purchased a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $40,000. 94.99% of the stock is owned by hedge funds and other institutional investors.
About Louisiana-Pacific (Get Rating)
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.
- Get a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)
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