Louisiana-Pacific Corporation (NYSE:LPX) is now being followed by Seaport Global Securities, as they initiated the stock at Buy on October 23. Analysts at BofA/Merrill, shed their negative views on July 16 by lifting it fromNeutral to Buy. Analysts at Seaport Global Securities, made their first call about the stock on March 15, recommending it is Buy. BofA/Merrill analysts came out with bullish views on January 24 when the call was made. They think the stock is now Neutral compared to to their prior call for Underperform.
Louisiana-Pacific Corporation (LPX) hit an intraday high Thursday at $22.73. The shares finished at $22.66, after trading as low as $21.37 earlier in the session. It rose 3.42% in recent trade and currently has a stock-market value of $3.22B. Trading activity significantly improved as the volume at ready counter increased to 3,085,440 shares versus 2,096,540 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,891,163 shares. The stock is now 8.47% above against its bear-market low of $20.89 on October 29, 2018. It has retreated -41.92% since it’s 52-week high of $32.16 reached in September. Now the market price is down -14.13% on the year and down -13.71% YTD.
LPX’s 50 day simple moving average (SMA 50) price is $23.37 and its 200-day simple moving average (SMA 200) price is $27.36. The company’s stock currently has a total float of 140.3M shares. Its weekly volatility is hovering around 4.46% and felt 3.71% volatility in price over a month. On the upside, the share price will test short term resistance at around $23.14. On a downside, the stock is likely to find some support, which begins at $21.78. The failure to get near-term support could push it to $20.89.
Separately, it has been reported that multiple insider activity took place at Louisiana-Pacific Corporation (LPX). Interim CFO Kinney Michael Emory sold 11,815 shares for $20,227 in transaction occurred on 2018/09/14. After making this transaction, the Interim CFO owns a direct stake of 366,856 shares, worth $458,344, as per the last closing price. On 2018/09/13 Southern William Bradley, CEO at LPX, dumped 12,042 shares at an average price of $31 per share. The selling total is valued at $4,180,226.
EVP Siding, Sherman Neil had divested 7,430 shares for $44,278 through a trade on 2018/09/12. Following this activity, the insider holds 235,828 shares worth $1,003,339 as of recent close. Wall Street’s most bullish Louisiana-Pacific Corporation (NYSE:LPX) analysts are predicting the share price to blow past $36 per share during the next 12 months. The current median share price forecast by them is $30.5, suggesting that the stock could increase 34.6% in that time frame. The average price target of $29.4 calls for a nearly 29.74% increase in the stock price.
When looking at valuations, Louisiana-Pacific Corporation (LPX) has a cheap P/E of 6.68x as compared to industry average of 42.31x. Moreover, it trades for 10.38 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.78x price/book and 1.09x price/sales. Compared to others, Louisiana-Pacific Corporation is in a different league with regards to profitability, having net margins of 17.2%. To put some perspective around this, the industry’s average net margin is 3.76%. LPX’s ROE is 29.7%, which is also considerably better than the industry’s ROE of 3.84%. It’s also very liquid in the near term, with a current ratio of 6.1. The stock has a debt/capital of 0.2.
Shares of Louisiana-Pacific Corporation (LPX) have dropped -4.4% since the company’s last earnings report. Over the past 12 fiscal quarters, Louisiana-Pacific Corporation (NYSE:LPX) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. LPX last reported earnings on November 06, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.83 per share, -96.61% change on the same period last year. That was better than consensus for $0.67. Revenue for the recent quarter stood at $736.8 million, up 3% on last year and above the $735.79 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $607.17 million to $645 million, which should be compared with $625.94 million generated last year. EPS is seen in a range of $0.25 to $0.4, against the $0.38 reported a year ago.