Buckingham Research Initiates Coverage on LSC Communications (LKSD)

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Analysts at Buckingham Research assumed coverage on shares of LSC Communications (NYSE:LKSD) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $22.00 price target on the stock. Buckingham Research’s price objective would indicate a potential upside of 34.23% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of LSC Communications from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 28th. Citigroup decreased their price objective on shares of LSC Communications from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 4th. Finally, Bank of America lowered shares of LSC Communications from a “neutral” rating to an “underperform” rating in a report on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.67.

Shares of LSC Communications opened at $16.39 on Monday, MarketBeat.com reports. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 2.79. LSC Communications has a one year low of $11.58 and a one year high of $22.37. The company has a market capitalization of $561.01 million, a PE ratio of 8.32, a P/E/G ratio of 4.95 and a beta of -0.27.

LSC Communications (NYSE:LKSD) last issued its quarterly earnings data on Thursday, May 3rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.28). LSC Communications had a positive return on equity of 22.60% and a negative net margin of 1.81%. The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $873.77 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. equities analysts expect that LSC Communications will post 2.4 earnings per share for the current year.

Several hedge funds have recently modified their holdings of LKSD. Russell Investments Group Ltd. lifted its holdings in shares of LSC Communications by 83.9% in the 1st quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock worth $173,000 after acquiring an additional 4,507 shares during the last quarter. Koch Industries Inc. purchased a new stake in LSC Communications during the 1st quarter worth approximately $260,000. OMERS ADMINISTRATION Corp purchased a new stake in LSC Communications during the 1st quarter worth approximately $309,000. Engineers Gate Manager LP purchased a new stake in LSC Communications during the 1st quarter worth approximately $366,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in LSC Communications during the 1st quarter worth approximately $378,000. Hedge funds and other institutional investors own 84.37% of the company’s stock.

LSC Communications Company Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

Analyst Recommendations for LSC Communications (NYSE:LKSD)

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