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.
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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