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

Quad/Graphics (NYSE:QUAD) had its price objective increased by Rosenblatt Securities from $7.70 to $10.30 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 46.93% from the company’s previous close.

A number of other research firms have also recently commented on QUAD. Barrington Research increased their target price on Quad/Graphics from $8.50 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th.

Quad/Graphics Trading Up 3.2 %

Quad/Graphics stock opened at $7.01 on Monday. The stock has a market cap of $365.36 million, a P/E ratio of -4.25 and a beta of 1.57. Quad/Graphics has a fifty-two week low of $4.06 and a fifty-two week high of $7.94. The firm’s fifty day moving average price is $5.79 and its 200-day moving average price is $5.28. The company has a debt-to-equity ratio of 8.35, a quick ratio of 0.56 and a current ratio of 0.85.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm had revenue of $674.80 million for the quarter, compared to analysts’ expectations of $654.90 million. Quad/Graphics had a negative net margin of 2.82% and a positive return on equity of 42.63%. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Equities research analysts forecast that Quad/Graphics will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of Quad/Graphics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Quad/Graphics by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,767,528 shares of the business services provider’s stock valued at $9,386,000 after purchasing an additional 11,139 shares in the last quarter. LSV Asset Management increased its position in shares of Quad/Graphics by 4.2% during the second quarter. LSV Asset Management now owns 1,165,265 shares of the business services provider’s stock valued at $6,351,000 after acquiring an additional 46,882 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Quad/Graphics by 1.7% during the second quarter. Renaissance Technologies LLC now owns 777,300 shares of the business services provider’s stock valued at $4,236,000 after acquiring an additional 13,200 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Quad/Graphics by 2.3% during the third quarter. Geode Capital Management LLC now owns 669,036 shares of the business services provider’s stock valued at $3,038,000 after acquiring an additional 15,220 shares in the last quarter. Finally, State Street Corp increased its position in shares of Quad/Graphics by 2.0% during the third quarter. State Street Corp now owns 539,071 shares of the business services provider’s stock valued at $2,447,000 after acquiring an additional 10,431 shares in the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Quad/Graphics Company Profile

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.