Dundee Upgrades Louisiana-Pacific Corporation to Buy

Brokerage firm Dundee Upgrades its rating on Louisiana-Pacific Corporation(NYSE:LPX). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Dundee was issued on Jul 21, 2016.

Louisiana-Pacific Corporation (LPX) made into the market gainers list on Wednesdays trading session with the shares advancing 3.71% or 0.73 points. Due to strong positive momentum, the stock ended at $20.42, which is also near the day’s high of $20.44. The stock began the session at $19.76 and the volume stood at 23,55,935 shares. The 52-week high of the shares is $20.44 and the 52 week low is $13.31. The company has a current market capitalization of $2,935 M and it has 14,37,48,330 shares in outstanding.

Louisiana-Pacific Corporation(LPX) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $504.60M. Analysts had an estimated revenue of $513.23M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Colin D Watson (director) sold 4,717 shares at $17.88 per share price.Also, On May 13, 2016, Brian Eugene Luoma (Senior Vice President) sold 10,792 shares at $18.52 per share price.On May 13, 2016, Curtis M Stevens (CEO) sold 116,100 shares at $18.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s 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.

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