Zacks Investment Research upgraded shares of LSC Communications (NYSE:LKSD) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. They currently have $7.25 price objective on the stock.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

Shares of NYSE:LKSD opened at $6.19 on Thursday. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.28 and a quick ratio of 0.99. LSC Communications has a 1 year low of $6.09 and a 1 year high of $18.23. The stock has a market cap of $206.23 million, a PE ratio of 5.03, a PEG ratio of -2.09 and a beta of 1.39.

LSC Communications (NYSE:LKSD) last issued its earnings results on Tuesday, February 19th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. LSC Communications had a positive return on equity of 19.42% and a negative net margin of 0.60%. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $931.70 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that LSC Communications will post 1.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 15th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 16.80%. The ex-dividend date was Thursday, February 14th. LSC Communications’s payout ratio is 84.55%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan acquired a new position in shares of LSC Communications in the 4th quarter valued at approximately $66,000. PNC Financial Services Group Inc. raised its position in shares of LSC Communications by 49.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,578 shares of the company’s stock valued at $68,000 after purchasing an additional 3,165 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of LSC Communications in the 3rd quarter valued at approximately $123,000. Magnus Financial Group LLC acquired a new position in shares of LSC Communications in the 4th quarter valued at approximately $78,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of LSC Communications by 408.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,298 shares of the company’s stock valued at $79,000 after purchasing an additional 9,074 shares in the last quarter. 83.76% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for LSC Communications (NYSE:LKSD)

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