Louisiana-Pacific (NYSE:LPX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

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 currently has a “market perform” rating on the building manufacturing company’s stock. BMO Capital Markets’ target price suggests a potential upside of 5.39% from the company’s current price.

A number of other research analysts also recently commented on the company. Truist Financial increased their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. TD Securities upped their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. DA Davidson upped their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.00.

Louisiana-Pacific Trading Up 1.0 %

Louisiana-Pacific stock traded up $0.98 during trading on Thursday, hitting $102.48. The company’s stock had a trading volume of 88,031 shares, compared to its average volume of 623,300. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.37 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock’s fifty day moving average is $110.81 and its 200 day moving average is $106.48. Louisiana-Pacific has a 1-year low of $66.77 and a 1-year high of $122.87.

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

Insider Activity at Louisiana-Pacific

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

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Private Advisor Group LLC boosted its stake in Louisiana-Pacific by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock valued at $1,165,000 after purchasing an additional 493 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Louisiana-Pacific by 10,646.0% during the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock valued at $7,483,000 after purchasing an additional 68,986 shares in the last quarter. Riverwater Partners LLC boosted its stake in Louisiana-Pacific by 2.6% during the 3rd quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company’s stock valued at $1,082,000 after purchasing an additional 252 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Louisiana-Pacific during the 3rd quarter valued at $256,000. Finally, Impact Partnership Wealth LLC bought a new position in Louisiana-Pacific during the 3rd quarter valued at $213,000. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Company Profile

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.