Royal Bank Of Canada Reiterates Buy Rating for Louisiana-Pacific Corporation (LPX)

Royal Bank Of Canada restated their buy rating on shares of Louisiana-Pacific Corporation (NYSE:LPX) in a report issued on Wednesday. Royal Bank Of Canada currently has a $32.00 price target on the construction company’s stock.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Louisiana-Pacific Corporation from a buy rating to a hold rating in a research report on Saturday, August 5th. BidaskClub cut shares of Louisiana-Pacific Corporation from a buy rating to a hold rating in a research report on Thursday, July 27th. BMO Capital Markets reaffirmed a hold rating and issued a $22.00 target price on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. Finally, ValuEngine raised shares of Louisiana-Pacific Corporation from a hold rating to a buy rating in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $27.00.

Louisiana-Pacific Corporation (NYSE:LPX) traded up 0.11% on Wednesday, reaching $27.37. 3,836,765 shares of the company traded hands. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 15.59 and a beta of 1.27. The stock has a 50 day moving average of $24.76 and a 200-day moving average of $24.43. Louisiana-Pacific Corporation has a 1-year low of $17.08 and a 1-year high of $27.75.

Louisiana-Pacific Corporation (NYSE:LPX) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The company had revenue of $694 million during the quarter, compared to analyst estimates of $700.73 million. During the same period in the previous year, the company earned $0.28 EPS. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, equities analysts anticipate that Louisiana-Pacific Corporation will post $1.98 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in the stock. WFG Advisors LP increased its stake in shares of Louisiana-Pacific Corporation by 12.0% during the second quarter. WFG Advisors LP now owns 13,950 shares of the construction company’s stock worth $336,000 after buying an additional 1,500 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of Louisiana-Pacific Corporation by 85.9% during the second quarter. Dynamic Technology Lab Private Ltd now owns 25,598 shares of the construction company’s stock worth $617,000 after buying an additional 11,825 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Louisiana-Pacific Corporation by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares during the period. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Louisiana-Pacific Corporation during the second quarter worth approximately $8,439,000. Finally, Sterling Capital Management LLC increased its stake in shares of Louisiana-Pacific Corporation by 9.5% during the second quarter. Sterling Capital Management LLC now owns 35,940 shares of the construction company’s stock worth $867,000 after buying an additional 3,104 shares during the period. Hedge funds and other institutional investors own 91.12% of the company’s stock.

About Louisiana-Pacific Corporation

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

Analyst Recommendations for Louisiana-Pacific Corporation (NYSE:LPX)

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