Louisiana-Pacific (LPX) Receives a Buy from D.A. Davidson

In a report released today, Kurt Yinger from D.A. Davidson maintained a Buy rating on Louisiana-Pacific (LPX – Research Report), with a price target of $98.00. The company’s shares closed yesterday at $88.14.

Yinger covers the Industrials sector, focusing on stocks such as Louisiana-Pacific, Bluelinx Holdings, and Builders Firstsource. According to TipRanks, Yinger has an average return of 25.3% and a 73.17% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Louisiana-Pacific with a $85.22 average price target, representing a -3.31% downside. In a report released today, Seaport Global also assigned a Buy rating to the stock with a $80.00 price target.

The company has a one-year high of $88.16 and a one-year low of $49.08. Currently, Louisiana-Pacific has an average volume of 1.06M.

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Louisiana-Pacific (LPX) Company Description:

Louisiana-Pacific Corp. engages in designing, manufacturing and marketing of products for the new home construction, repair and remodeling and outdoor structures markets. It operates through the following four segments: Siding, Oriented Strand Board (OSB), Engineered Wood Products, and South America. The Siding segment offers wood-based sidings, trim, soffit, fascia, and pre-finished lap and trim products in a variety of patterns and textures. The OSB segment manufactures and distributes oriented strand board structural panel products. The Engineered Wood Products segment includes laminated veneer lumber, laminated strand lumber, I-Joists, and other related products. The South American segment covers the distribution of OSB and siding products in South America and certain export markets. The company was founded on January 5, 1973 and is headquartered in Nashville, TN.