In a report released yesterday, Matt McKellar from RBC Capital maintained a Buy rating on Louisiana-Pacific (LPX – Research Report), with a price target of $80.00. The company’s shares closed yesterday at $69.68.
According to TipRanks, McKellar is a 4-star analyst with an average return of 10.1% and a 73.91% success rate. McKellar covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, WestRock, and Cascades.
Currently, the analyst consensus on Louisiana-Pacific is a Moderate Buy with an average price target of $74.00, which is a 6.20% upside from current levels. In a report released on January 4, Truist Financial also maintained a Buy rating on the stock with a $82.00 price target.
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Based on Louisiana-Pacific’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $728 million and a net profit of $118 million. In comparison, last year the company earned a revenue of $1.13 billion and had a net profit of $384 million
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LPX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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