BMO Capital Markets reaffirmed their hold rating on shares of Louisiana-Pacific Corporation (NYSE:LPX) in a research note published on Thursday. The firm currently has a $22.00 price target on the construction company’s stock.

Several other research firms have also recently commented on LPX. Vertical Research cut shares of Louisiana-Pacific Corporation from a buy rating to a hold rating in a research note on Tuesday, April 11th. Zacks Investment Research cut shares of Louisiana-Pacific Corporation from a strong-buy rating to a hold rating in a research note on Friday, July 21st. BidaskClub raised shares of Louisiana-Pacific Corporation from a hold rating to a buy rating in a research note on Thursday, June 22nd. Royal Bank Of Canada reissued a buy rating and set a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. Finally, ValuEngine raised shares of Louisiana-Pacific Corporation from a hold rating to a buy rating in a research note on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $27.00.

Louisiana-Pacific Corporation (NYSE LPX) opened at 25.05 on Thursday. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $26.92. The company has a 50-day moving average price of $24.63 and a 200 day moving average price of $23.61. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 18.74 and a beta of 1.33.

Louisiana-Pacific Corporation (NYSE:LPX) last released its earnings results on Friday, May 5th. The construction company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The firm had revenue of $611 million during the quarter, compared to analysts’ expectations of $607.21 million. Louisiana-Pacific Corporation had a net margin of 8.31% and a return on equity of 14.34%. Louisiana-Pacific Corporation’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. Equities analysts predict that Louisiana-Pacific Corporation will post $1.70 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in LPX. Russell Investments Group Ltd. bought a new stake in shares of Louisiana-Pacific Corporation during the fourth quarter valued at about $1,088,000. Thrivent Financial for Lutherans boosted its stake in shares of Louisiana-Pacific Corporation by 10.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,520 shares of the construction company’s stock valued at $464,000 after buying an additional 2,260 shares in the last quarter. Norges Bank bought a new stake in shares of Louisiana-Pacific Corporation during the fourth quarter valued at about $18,780,000. Bank of Montreal Can boosted its stake in shares of Louisiana-Pacific Corporation by 545.2% in the first quarter. Bank of Montreal Can now owns 114,187 shares of the construction company’s stock valued at $2,834,000 after buying an additional 96,490 shares in the last quarter. Finally, Capstone Asset Management Co. bought a new stake in shares of Louisiana-Pacific Corporation during the first quarter valued at about $232,000. 94.31% of the stock is owned by institutional investors.

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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