Zacks Investment Research cut shares of Louisiana-Pacific (NYSE:LPX) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “Shares of Louisiana-Pacific have declined 18.4% in the past year. Earnings estimates for 2018 and 2019 have also moved south over the past seven days, raising concern over the stock's gro. Rising materials and transportation costs are growing concerns for Louisiana-Pacific. Also, ongoing headwinds in EWP segment pose threat. Meanwhile, pricing pressure under OSB segment hsd been negatively impacting overall operating results. The effect is expected to continue in near future as well. The company expects commodity pricing to be down in the near future, raising concern for the company’s future earnings performance. Also, the company has been experiencing softer demand in I-Joists and LVL facility, along with higher cost of sales.”

Other equities research analysts have also recently issued research reports about the company. Longbow Research reissued a hold rating on shares of Louisiana-Pacific in a research note on Tuesday, October 9th. ValuEngine cut Louisiana-Pacific from a hold rating to a sell rating in a research note on Wednesday, September 26th. Seaport Global Securities began coverage on Louisiana-Pacific in a research note on Tuesday, October 23rd. They issued a buy rating and a $31.00 price target for the company. Bank of America cut Louisiana-Pacific from a buy rating to a neutral rating and decreased their price target for the company from $29.00 to $24.00 in a research note on Wednesday, January 2nd. Finally, BMO Capital Markets raised Louisiana-Pacific from an underperform rating to a market perform rating and decreased their target price for the stock from $27.00 to $24.00 in a research note on Monday, October 22nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Louisiana-Pacific currently has an average rating of Hold and a consensus target price of $30.50.

Shares of LPX stock traded up $0.06 on Tuesday, hitting $23.99. The company had a trading volume of 71,290 shares, compared to its average volume of 1,804,344. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.28 and a beta of 1.41. The company has a current ratio of 6.13, a quick ratio of 4.91 and a debt-to-equity ratio of 0.19. Louisiana-Pacific has a twelve month low of $20.39 and a twelve month high of $32.16.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.17. The company had revenue of $736.80 million during the quarter, compared to analysts’ expectations of $724.92 million. Louisiana-Pacific had a return on equity of 27.84% and a net margin of 17.23%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Sell-side analysts forecast that Louisiana-Pacific will post 2.87 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Louisiana-Pacific by 0.5% in the third quarter. Vanguard Group Inc. now owns 16,716,528 shares of the construction company’s stock valued at $442,821,000 after purchasing an additional 79,358 shares in the last quarter. Vanguard Group Inc increased its position in shares of Louisiana-Pacific by 0.5% during the third quarter. Vanguard Group Inc now owns 16,716,528 shares of the construction company’s stock valued at $442,821,000 after acquiring an additional 79,358 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Louisiana-Pacific by 7.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,617,650 shares of the construction company’s stock valued at $122,325,000 after acquiring an additional 332,608 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Louisiana-Pacific by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 4,518,427 shares of the construction company’s stock valued at $122,991,000 after acquiring an additional 321,522 shares during the last quarter. Finally, Credit Suisse AG increased its position in shares of Louisiana-Pacific by 2,103.0% during the third quarter. Credit Suisse AG now owns 3,687,132 shares of the construction company’s stock valued at $97,673,000 after acquiring an additional 3,519,763 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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