LPX has been the subject of a number of other research reports. Longbow Research cut shares of Louisiana-Pacific from a buy rating to a neutral rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Louisiana-Pacific from a sell rating to a hold rating and set a $27.00 target price for the company in a research note on Friday, August 2nd. TD Securities cut their target price on shares of Louisiana-Pacific from $27.00 to $26.00 and set a hold rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada reissued a buy rating and set a $30.00 target price on shares of Louisiana-Pacific in a research note on Thursday, August 8th. Finally, BMO Capital Markets raised shares of Louisiana-Pacific from a market perform rating to an outperform rating and boosted their target price for the stock from $26.00 to $28.00 in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $28.84.
Shares of LPX stock traded up $0.61 on Thursday, reaching $24.89. 1,135,232 shares of the company were exchanged, compared to its average volume of 1,791,453. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 9.08 and a beta of 1.42. The business has a 50-day moving average price of $24.07 and a 200 day moving average price of $24.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.34 and a current ratio of 3.62. Louisiana-Pacific has a 1 year low of $20.39 and a 1 year high of $27.15.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Coastal Capital Group Inc. purchased a new stake in Louisiana-Pacific during the 2nd quarter valued at about $27,000. Price Wealth Management Inc. purchased a new stake in Louisiana-Pacific during the 2nd quarter valued at about $84,000. Prestige Wealth Management Group LLC purchased a new stake in Louisiana-Pacific during the 2nd quarter valued at about $113,000. TRUE Private Wealth Advisors purchased a new stake in Louisiana-Pacific during the 2nd quarter valued at about $166,000. Finally, Cerebellum GP LLC purchased a new stake in Louisiana-Pacific during the 3rd quarter valued at about $188,000. 97.25% of the stock is owned by institutional investors.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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