Rosenblatt Securities Forecasts Strong Price Appreciation for Quad Graphics (NYSE:QUAD) Stock

Quad Graphics (NYSE:QUAD) had its price target hoisted by stock analysts at Rosenblatt Securities from $8.20 to $9.80 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 35.28% from the company’s previous close.

Several other brokerages have also commented on QUAD. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Quad Graphics in a report on Friday, October 31st. Zacks Research downgraded Quad Graphics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Wall Street Zen raised shares of Quad Graphics from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Quad Graphics in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Quad Graphics presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.90.

Quad Graphics Stock Performance

QUAD traded down $0.12 during midday trading on Wednesday, hitting $7.24. 288,694 shares of the company traded hands, compared to its average volume of 177,524. The company’s 50-day moving average is $6.32 and its 200 day moving average is $6.16. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $368.57 million, a PE ratio of 13.41 and a beta of 1.10. Quad Graphics has a 52 week low of $4.50 and a 52 week high of $7.54.

Quad Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, February 17th. The business services provider reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Quad Graphics had a net margin of 1.12% and a return on equity of 49.71%. The firm had revenue of $630.60 million during the quarter, compared to analysts’ expectations of $632.90 million. On average, research analysts expect that Quad Graphics will post 1.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co bought a new position in Quad Graphics during the fourth quarter valued at $26,000. State of Alaska Department of Revenue purchased a new position in shares of Quad Graphics during the 4th quarter worth about $29,000. BNP Paribas Financial Markets grew its holdings in Quad Graphics by 113.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 3,019 shares during the last quarter. CWM LLC raised its position in Quad Graphics by 48.3% in the 2nd quarter. CWM LLC now owns 7,572 shares of the business services provider’s stock worth $43,000 after purchasing an additional 2,466 shares during the period. Finally, Stokes Family Office LLC bought a new stake in Quad Graphics in the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Quad Graphics Company Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.