Louisiana-Pacific Corporation (NYSE:LPX) should head towards $19.82 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $17 per share. The higher price estimate target is at $22 according to the Analysts.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Vertical Research downgrades its ratings on Louisiana-Pacific Corporation (NYSE:LPX). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on March 17, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Watson Colin D, director of Louisiana-Pacific Corp, had unloaded 14,845 shares at an average price of $18.58 in a transaction dated on May 11, 2016. The total value of the transaction was worth $275,820.
Louisiana-Pacific Corporation (NYSE:LPX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.55 points or 3.11% at $17.15 with 1,828,882 shares getting traded. Post opening the session at $17.54, the shares hit an intraday low of $17.1 and an intraday high of $17.6 and the price was in this range throughout the day. The company has a market cap of $2,465 million and the number of outstanding shares have been calculated to be 143,748,330 shares. The 52-week high of Louisiana-Pacific Corporation (NYSE:LPX) is $18.97 and the 52-week low is $13.31.
Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.