UBS AG Reaffirms Sell Rating on Louisiana-Pacific (LPX)
Louisiana-Pacific traded down 2.31% on Tuesday, hitting $9.32. Louisiana-Pacific has a 52-week low of $4.41 and a 52-week high of $10.18. The company’s market cap is $1.273 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. Louisiana-Pacific’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Louisiana-Pacific will post $-0.06 EPS next quarter.
A number of other firms have also recently commented on LPX. 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. Separately, 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. They now have a $12.00 price target on the stock, up previously from $10.00. Finally, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Louisiana-Pacific from $8.00 to $10.00 in a research note to investors on Tuesday, March 27th. They now have a “sector perform” rating on the stock.
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).