TD Securities Raises Louisiana-Pacific to Hold (LPX)
Louisiana-Pacific (NYSE: LPX) was upgraded by equities researchers at TD Securities from a “reduce” rating to a “hold” rating in a report issued on Wednesday. The firm currently has a $9.50 target price on the stock.
Louisiana-Pacific traded up 1.94% on Wednesday, hitting $9.45. Louisiana-Pacific has a 52-week low of $4.41 and a 52-week high of $10.18. The company’s market cap is $1.300 billion.
Louisiana-Pacific last posted its quarterly earnings results on Monday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.09. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Louisiana-Pacific will post $-0.03 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital (NYSE: RY) upgraded shares of Louisiana-Pacific from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday, May 14th. They now have a $12.00 price target on the stock, up previously from $10.00. Separately, 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. Finally, 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.
Louisiana-Pacific Corporation is a manufacturer of building products. As of December 31, 2011, the Company owned 21 facilities in the United States and Canada.