LSC Communications (LKSD) Upgraded to Neutral by Citigroup Inc.

Citigroup Inc. upgraded shares of LSC Communications (NYSE:LKSD) from a sell rating to a neutral rating in a report released on Tuesday. They currently have $23.00 price objective on the stock.

LKSD has been the subject of a number of other reports. BidaskClub cut LSC Communications from a sell rating to a strong sell rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded LSC Communications from a strong sell rating to a hold rating in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co started coverage on LSC Communications in a report on Friday, July 21st. They issued a neutral rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $24.00.

Shares of LSC Communications (LKSD) opened at $15.24 on Tuesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.10 and a current ratio of 1.42. LSC Communications has a 52 week low of $13.72 and a 52 week high of $30.74. The company has a market capitalization of $523.02 and a price-to-earnings ratio of 7.54.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. LSC Communications had a return on equity of 24.72% and a net margin of 0.28%. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $928.67 million. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. analysts anticipate that LSC Communications will post 2.12 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Wednesday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.56%. LSC Communications’s dividend payout ratio (DPR) is 344.83%.

In related news, Director Shivan S. Subramaniam bought 3,500 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $16.41 per share, for a total transaction of $57,435.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.48% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LKSD. BlackRock Inc. raised its holdings in LSC Communications by 59.1% during the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock worth $100,603,000 after acquiring an additional 1,746,936 shares in the last quarter. Vanguard Group Inc. raised its holdings in LSC Communications by 43.0% during the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock worth $94,891,000 after acquiring an additional 1,333,143 shares in the last quarter. Northern Trust Corp raised its holdings in LSC Communications by 175.3% during the second quarter. Northern Trust Corp now owns 454,096 shares of the company’s stock worth $9,718,000 after acquiring an additional 289,137 shares in the last quarter. State Street Corp raised its holdings in LSC Communications by 34.5% during the second quarter. State Street Corp now owns 838,168 shares of the company’s stock worth $17,941,000 after acquiring an additional 214,943 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in LSC Communications by 157.9% during the second quarter. Parametric Portfolio Associates LLC now owns 318,878 shares of the company’s stock worth $6,824,000 after acquiring an additional 195,257 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

About LSC Communications

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

Analyst Recommendations for LSC Communications (NYSE:LKSD)

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