BMO Capital Markets Issues Positive Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price target hoisted by equities researchers at BMO Capital Markets from $105.00 to $108.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the building manufacturing company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 5.39% from the company’s current price.

Other analysts have also issued reports about the company. DA Davidson increased their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Royal Bank of Canada increased their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. TD Securities raised their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.00.

Louisiana-Pacific Price Performance

Shares of LPX traded up $0.98 during trading hours on Thursday, hitting $102.48. 88,031 shares of the company were exchanged, compared to its average volume of 623,300. The company has a market capitalization of $7.20 billion, a PE ratio of 17.53, a PEG ratio of 1.37 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The firm has a fifty day simple moving average of $110.81 and a 200-day simple moving average of $106.48. Louisiana-Pacific has a one year low of $66.77 and a one year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. As a group, sell-side analysts predict that Louisiana-Pacific will post 5.64 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors have recently added to or reduced their stakes in LPX. UMB Bank n.a. boosted its holdings in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc boosted its holdings in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Louisiana-Pacific during the third quarter valued at approximately $38,000. Finally, Covestor Ltd boosted its holdings in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.