LSC Communications Inc (LKSD) Receives Average Rating of “Hold” from Analysts
Shares of LSC Communications Inc (NASDAQ:LKSD) have received a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $24.00.
A number of equities analysts have weighed in on LKSD shares. Bank of America Corporation started coverage on shares of LSC Communications in a research report on Wednesday, May 24th. They set a “neutral” rating and a $24.00 price objective for the company. Zacks Investment Research upgraded shares of LSC Communications from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Citigroup Inc. started coverage on shares of LSC Communications in a research report on Tuesday, May 30th. They set a “neutral” rating and a $23.00 price objective for the company. Finally, J P Morgan Chase & Co started coverage on shares of LSC Communications in a research report on Friday, July 21st. They set a “neutral” rating for the company.
In related news, Director Shivan S. Subramaniam acquired 5,000 shares of LSC Communications stock in a transaction on Friday, August 4th. The stock was bought at an average cost of $17.18 per share, for a total transaction of $85,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of institutional investors have recently bought and sold shares of LKSD. BlackRock Inc. boosted its position in LSC Communications by 59.1% in the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock worth $100,603,000 after buying an additional 1,746,936 shares in the last quarter. Vanguard Group Inc. boosted its position in LSC Communications by 43.0% in the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock worth $94,891,000 after buying an additional 1,333,143 shares in the last quarter. Bank of New York Mellon Corp boosted its position in LSC Communications by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 1,129,140 shares of the company’s stock worth $24,164,000 after buying an additional 121,904 shares in the last quarter. Nuveen Asset Management LLC boosted its position in LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock worth $21,252,000 after buying an additional 404,126 shares in the last quarter. Finally, State Street Corp boosted its position in LSC Communications by 34.5% in the second quarter. State Street Corp now owns 838,168 shares of the company’s stock worth $17,941,000 after buying an additional 214,943 shares in the last quarter.
Shares of LSC Communications (NASDAQ:LKSD) opened at 16.83 on Tuesday. LSC Communications has a one year low of $15.07 and a one year high of $37.40. The company has a market capitalization of $587.22 million and a P/E ratio of 11.07. The firm has a 50-day moving average of $20.12 and a 200-day moving average of $23.17.
LSC Communications (NASDAQ:LKSD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.09. The company had revenue of $848 million for the quarter, compared to analyst estimates of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The business’s revenue was down 6.4% compared to the same quarter last year. Analysts forecast that LSC Communications will post $2.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Friday, August 11th.
About LSC Communications
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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