Will Investors Now Buy Louisiana-Pacific (NYSE:LPX) Stock Following Today’s, BofA Merrill Upgrades?

July 16, 2018 - By Richard Slagle

Louisiana-Pacific Corporation (NYSE:LPX) Logo

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.50, from 1.5 in 2017Q4. It dropped, as 26 investors sold Louisiana-Pacific Corporation shares while 112 reduced holdings. 45 funds opened positions while 93 raised stakes. 127.95 million shares or 3.45% less from 132.51 million shares in 2017Q4 were reported.

Patten Group Inc invested in 0.01% or 750 shares. Moors Cabot owns 14,452 shares for 0.05% of their portfolio. Peak6 Lp has 0.01% invested in Louisiana-Pacific Corporation (NYSE:LPX) for 41,318 shares. Schroder Investment Mgmt Gru holds 0% or 17,300 shares. Aperio Gru Ltd Liability Corporation invested 0.01% in Louisiana-Pacific Corporation (NYSE:LPX). The New Mexico-based New Mexico Educational Retirement Board has invested 0.04% in Louisiana-Pacific Corporation (NYSE:LPX). Raymond James & Assoc reported 13,410 shares or 0% of all its holdings. Asset Management holds 0.01% or 7,437 shares. Moreover, Toronto Dominion National Bank & Trust has 0% invested in Louisiana-Pacific Corporation (NYSE:LPX) for 2,000 shares. 305,764 are owned by Fiera Capital Corp. Commercial Bank Of Montreal Can has invested 0.01% in Louisiana-Pacific Corporation (NYSE:LPX). Smith Asset Mngmt Grp Incorporated Lp invested in 92,401 shares. Us Comml Bank De owns 0% invested in Louisiana-Pacific Corporation (NYSE:LPX) for 6,490 shares. Great West Life Assurance Can accumulated 114,179 shares. 156,000 were reported by Employees Retirement Systems Of Texas.

Since February 15, 2018, it had 0 insider buys, and 3 insider sales for $784,385 activity. Another trade for 2,558 shares valued at $74,193 was sold by COOK GARY.

Louisiana-Pacific (NYSE:LPX) Stock Upgrade

In a note shared with investors on 16 July, BofA Merrill raised shares of Louisiana-Pacific (NYSE:LPX) to a “Buy”. The previous rating for LPX was a “Neutral”.

Louisiana-Pacific Corporation (NYSE:LPX) Ratings Coverage

Among 7 analysts covering Louisiana-Pacific (NYSE:LPX), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Louisiana-Pacific has $3900 highest and $25 lowest target. $33.67’s average target is 17.85% above currents $28.57 stock price. Louisiana-Pacific had 10 analyst reports since January 24, 2018 according to SRatingsIntel. The company was upgraded on Wednesday, January 24 by Bank of America. Scotia Capital maintained Louisiana-Pacific Corporation (NYSE:LPX) on Tuesday, February 13 with “Hold” rating. The stock of Louisiana-Pacific Corporation (NYSE:LPX) earned “Buy” rating by DA Davidson on Tuesday, May 8. The stock of Louisiana-Pacific Corporation (NYSE:LPX) has “Hold” rating given on Thursday, April 12 by Scotia Capital. The rating was maintained by Stephens on Tuesday, February 13 with “Hold”. The stock of Louisiana-Pacific Corporation (NYSE:LPX) has “Sell” rating given on Tuesday, April 24 by BMO Capital Markets. RBC Capital Markets maintained Louisiana-Pacific Corporation (NYSE:LPX) on Monday, April 2 with “Buy” rating. BMO Capital Markets maintained it with “Underperform” rating and $25 target in Wednesday, February 14 report.

The stock increased 3.44% or $0.95 during the last trading session, reaching $28.57. About 1.51 million shares traded. Louisiana-Pacific Corporation (NYSE:LPX) has risen 28.26% since July 16, 2017 and is uptrending. It has outperformed by 15.69% the S&P500.

Analysts await Louisiana-Pacific Corporation (NYSE:LPX) to report earnings on August, 7. They expect $0.92 earnings per share, up 58.62 % or $0.34 from last year’s $0.58 per share. LPX’s profit will be $133.57 million for 7.76 P/E if the $0.92 EPS becomes a reality. After $0.63 actual earnings per share reported by Louisiana-Pacific Corporation for the previous quarter, Wall Street now forecasts 46.03 % EPS growth.

Louisiana-Pacific Corporation, together with its subsidiaries, makes and sells building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction. The company has market cap of $4.15 billion. It operates in four divisions: North America Oriented Strand Board; Siding; Engineered Wood Products; and South America. It has a 9.84 P/E ratio. The firm offers structural panel products comprising plywood, including roof decking, sidewall sheathing, and floor underlayment; SmartSide siding products and related accessories, such as wood sidings, trim, soffit, and fascia; and CanExel siding and accessory products, including pre-finished lap and trim products.

Louisiana-Pacific Corporation (NYSE:LPX) Institutional Positions Chart

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