Analysts Set LSC Communications Inc (LKSD) Target Price at $24.50
Shares of LSC Communications Inc (NASDAQ:LKSD) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.50.
Several analysts have recently weighed in on LKSD shares. Zacks Investment Research upgraded LSC Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. J P Morgan Chase & Co started coverage on LSC Communications in a research report on Friday, July 21st. They set a “neutral” rating for the company. Citigroup Inc. downgraded LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. Finally, BidaskClub upgraded LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th.
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In other LSC Communications news, Director Shivan S. Subramaniam bought 3,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was acquired at an average cost of $16.41 per share, for a total transaction of $57,435.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of LSC Communications by 59.1% during the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock valued at $100,603,000 after buying an additional 1,746,936 shares during the period. Vanguard Group Inc. increased its stake in shares of LSC Communications by 43.0% during the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock valued at $94,891,000 after buying an additional 1,333,143 shares during the period. Bank of New York Mellon Corp increased its stake in shares of LSC Communications by 12.1% during the second quarter. Bank of New York Mellon Corp now owns 1,129,140 shares of the company’s stock valued at $24,164,000 after buying an additional 121,904 shares during the period. State Street Corp increased its stake in shares of LSC Communications by 34.5% during the second quarter. State Street Corp now owns 838,168 shares of the company’s stock valued at $17,941,000 after buying an additional 214,943 shares during the period. Finally, Kennedy Capital Management Inc. increased its stake in shares of LSC Communications by 7.9% during the second quarter. Kennedy Capital Management Inc. now owns 713,406 shares of the company’s stock valued at $15,267,000 after buying an additional 52,269 shares during the period.
Shares of LSC Communications (LKSD) traded down $0.02 on Friday, reaching $15.71. The company had a trading volume of 342,437 shares.
LSC Communications (NASDAQ:LKSD) last released its earnings results on Thursday, November 2nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $928.67 million. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 6.37%.
LSC Communications Company Profile
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.
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