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.
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.
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