Somewhat Positive Press Coverage Somewhat Unlikely to Impact Louisiana-Pacific Corporation (LPX) Share Price
Media headlines about Louisiana-Pacific Corporation (NYSE:LPX) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Louisiana-Pacific Corporation earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 45.2552770626911 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Louisiana Pacific : LP Acquires International Barrier Technology Inc. (4-traders.com)
- Louisiana-Pacific Corporation (LPX) stock surged 10.34% during past quarter – Street Observer (press release) (streetobserver.com)
- Louisiana-Pacific Corp. (LPX) Announces Acquisition of International Barrier Technology Inc. for $22M – StreetInsider.com (streetinsider.com)
- Louisiana-Pacific Corp. (LPX): Quarter Looks Strong But Neutral Rating Remains – Longbow – StreetInsider.com (streetinsider.com)
- Louisiana-Pacific Corporation (LPX) Given Neutral Rating at Longbow Research (americanbankingnews.com)
Shares of Louisiana-Pacific Corporation (LPX) opened at 28.32 on Monday. Louisiana-Pacific Corporation has a 52 week low of $17.08 and a 52 week high of $29.44. The firm’s 50-day moving average price is $27.27 and its 200-day moving average price is $25.14. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 16.13 and a beta of 1.31.
Louisiana-Pacific Corporation (NYSE:LPX) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.03). Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The business had revenue of $694.00 million for the quarter, compared to analyst estimates of $700.73 million. During the same period in the prior year, the firm posted $0.28 EPS. Louisiana-Pacific Corporation’s revenue for the quarter was up 19.2% on a year-over-year basis. Equities research analysts expect that Louisiana-Pacific Corporation will post $2.13 EPS for the current fiscal year.
Several equities research analysts recently commented on LPX shares. Longbow Research reiterated a “neutral” rating on shares of Louisiana-Pacific Corporation in a report on Tuesday, October 10th. BMO Capital Markets downgraded Louisiana-Pacific Corporation from a “market perform” rating to an “underperform” rating and raised their target price for the company from $22.00 to $24.00 in a report on Friday, September 29th. They noted that the move was a valuation call. Royal Bank Of Canada raised their target price on Louisiana-Pacific Corporation and gave the company an “outperform” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, BidaskClub downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Louisiana-Pacific Corporation presently has a consensus rating of “Hold” and an average target price of $28.40.
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In related news, SVP Michael Sims sold 5,871 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total transaction of $158,869.26. Following the completion of the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $1,123,612.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rebecca Anne Barckley sold 5,128 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $27.00, for a total value of $138,456.00. Following the transaction, the insider now directly owns 7,305 shares of the company’s stock, valued at approximately $197,235. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by insiders.
Louisiana-Pacific Corporation Company Profile
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.
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