Louisiana-Pacific Rating Increased to Outperform at RBC Capital (LPX)
Louisiana-Pacific (NYSE: LPX) was upgraded by investment analysts at RBC Capital (NYSE: RY) from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $12.00 target price on the stock, up from their previous target price of $10.00.
Louisiana-Pacific traded up 4.67% on Monday, hitting $9.86. Louisiana-Pacific has a 1-year low of $4.41 and a 1-year high of $10.18. The company’s market cap is $1.356 billion.
Louisiana-Pacific last released its earnings data on Monday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.09. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Louisiana-Pacific will post $-0.04 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) reiterated a “sell” rating on shares of Louisiana-Pacific in a research note to investors on Tuesday, May 8th. Separately, analysts at DA Davidson raised their price target on shares of Louisiana-Pacific from $8.50 to $9.50 in a research note to investors on Tuesday, May 8th. Finally, analysts at Deutsche Bank (NYSE: DB) upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, May 8th. They now have a $12.00 price target on the stock, up previously from $10.00.
Louisiana-Pacific Corporation is principally engaged in the manufacturing of building products. The Company operates in three segments: Oriented Strand Board (OSB), Siding and Engineered Wood Products (EWP).