Impact of Brokerage Rating on Louisiana-Pacific Corporation(LPX)

Many Louisiana-Pacific Corporation(LPX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by RBC Capital Mkts on Feb 9, 2017 to Top Pick, Raises Price Target to $ 26 from a previous price target of $25 .Louisiana-Pacific Corporation was Downgraded by BofA/Merrill to Underperform on Dec 7, 2016.

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Colin D Watson (director) sold 4,066 shares at 23.16 per share price.On Feb 13, 2017, Gary Cook (director) sold 4,066 shares at 22.80 per share price.On Feb 13, 2017, Curtis M Stevens (CEO) sold 110,419 shares at 22.58 per share price.

Louisiana-Pacific Corporation Last issued its quarterly earnings results on Feb 8, 2017. The company reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.20. The company had revenue of $550.00 million for the quarter, compared to analysts expectations of $517.02 million. The companys revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Louisiana-Pacific Corporation (NYSE:LPX) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 1.83 by 6 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Louisiana-Pacific Corporation (NYSE:LPX) should head towards $25.5 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $23 per share. The higher price estimate target is at $27 according to the Analysts.

Louisiana-Pacific Corporation (NYSE:LPX) rose 1.51% or 0.35 points on Tuesday and made its way into the gainers of the day. After trading began at $23.19 the stock was seen hitting $23.72 as a peak level and $23.04 as the lowest level. The stock ended up at $23.6. The daily volume was measured at 2,216,836 shares. The 52-week high of the share price is $23.73 and the 52-week low is $14.21. The company has a market cap of $3,357 million.

Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Companys products are used by homebuilders and light commercial builders. Louisiana-Pacifics products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, laminated veneer lumber, laminated strand lumber and interior decorative moulding.

Louisiana-Pacific

For any feedback and suggestions contact author at Lisa.Tynan@thefoundersdaily.com

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