Quad/Graphics (NYSE:QUAD) Price Target Raised to $10.00 at Barrington Research

Quad/Graphics (NYSE:QUAD) had its price objective upped by Barrington Research from $8.50 to $10.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities analysts have also weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $7.60 price objective on shares of Quad/Graphics in a research note on Friday, October 25th. StockNews.com upgraded Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 26th.

Quad/Graphics Stock Performance

NYSE QUAD opened at $6.53 on Wednesday. The firm has a market capitalization of $340.60 million, a P/E ratio of -5.49 and a beta of 1.60. Quad/Graphics has a 1-year low of $3.96 and a 1-year high of $6.75. The company has a debt-to-equity ratio of 5.83, a current ratio of 0.85 and a quick ratio of 0.56. The business’s 50-day simple moving average is $4.86 and its 200-day simple moving average is $4.97.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The business had revenue of $674.80 million for the quarter, compared to analyst estimates of $654.90 million. Quad/Graphics had a positive return on equity of 26.62% and a negative net margin of 2.00%. During the same period in the previous year, the company posted $0.11 EPS. Equities analysts predict that Quad/Graphics will post 0.76 EPS for the current year.

Quad/Graphics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 3.06%. Quad/Graphics’s payout ratio is currently -16.81%.

Institutional Investors Weigh In On Quad/Graphics

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Quad/Graphics by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,767,528 shares of the business services provider’s stock valued at $9,386,000 after buying an additional 11,139 shares during the period. LSV Asset Management increased its holdings in Quad/Graphics by 4.2% during the 2nd quarter. LSV Asset Management now owns 1,165,265 shares of the business services provider’s stock worth $6,351,000 after purchasing an additional 46,882 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Quad/Graphics by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 777,300 shares of the business services provider’s stock worth $4,236,000 after purchasing an additional 13,200 shares during the last quarter. Empowered Funds LLC increased its holdings in Quad/Graphics by 8.1% during the 1st quarter. Empowered Funds LLC now owns 246,202 shares of the business services provider’s stock worth $1,307,000 after purchasing an additional 18,550 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Quad/Graphics by 3.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 232,999 shares of the business services provider’s stock worth $1,058,000 after purchasing an additional 7,914 shares during the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

About Quad/Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.