LSC Communications (NYSE:LKSD) Given a $10.00 Price Target by Buckingham Research Analysts

Buckingham Research set a $10.00 price objective on LSC Communications (NYSE:LKSD) in a research report sent to investors on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised LSC Communications from a hold rating to a buy rating and set a $7.25 price objective for the company in a research note on Thursday, March 21st. ValuEngine raised LSC Communications from a strong sell rating to a sell rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $10.56.

LKSD stock traded down $0.14 during trading hours on Tuesday, hitting $3.67. 46,159 shares of the stock traded hands, compared to its average volume of 460,974. The firm has a 50-day moving average of $5.39. LSC Communications has a one year low of $3.81 and a one year high of $16.64. The firm has a market capitalization of $140.41 million, a P/E ratio of 2.98 and a beta of 1.64. The company has a current ratio of 1.13, a quick ratio of 0.84 and a debt-to-equity ratio of 4.24.

LSC Communications (NYSE:LKSD) last announced its earnings results on Tuesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.07). LSC Communications had a negative net margin of 3.69% and a positive return on equity of 21.27%. The firm had revenue of $845.00 million for the quarter, compared to the consensus estimate of $851.40 million. During the same period in the prior year, the business earned $0.11 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that LSC Communications will post 1.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.04 annualized dividend and a dividend yield of 28.34%. LSC Communications’s dividend payout ratio (DPR) is presently 84.55%.

Several institutional investors have recently bought and sold shares of LKSD. Quantamental Technologies LLC acquired a new position in LSC Communications in the first quarter valued at about $48,000. BNP Paribas Arbitrage SA grew its stake in LSC Communications by 75.3% in the first quarter. BNP Paribas Arbitrage SA now owns 9,229 shares of the company’s stock valued at $60,000 after acquiring an additional 3,963 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in LSC Communications in the fourth quarter valued at about $66,000. PNC Financial Services Group Inc. grew its stake in LSC Communications by 49.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,578 shares of the company’s stock valued at $68,000 after acquiring an additional 3,165 shares during the period. Finally, Magnus Financial Group LLC acquired a new position in LSC Communications in the fourth quarter valued at about $78,000. Institutional investors and hedge funds own 83.00% of the company’s stock.

About LSC Communications

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.

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