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 $82.00. The company’s shares closed last Friday at $78.44.
According to TipRanks, McKellar is a 3-star analyst with an average return of 2.0% and a 50.00% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co, Interfor, and Canfor.
Louisiana-Pacific has an analyst consensus of Moderate Buy, with a price target consensus of $77.50, which is a -1.20% downside from current levels. In a report released on March 4, Truist Financial also reiterated a Buy rating on the stock with a $82.00 price target.
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LPX market cap is currently $5.67B and has a P/E ratio of 31.73.
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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.
Read More on LPX:
- Louisiana-Pacific management to meet virtually with Seaport Global
- Louisiana-Pacific price target raised to $76 from $74 at Seaport Research
- Louisiana-Pacific price target raised to $83 from $76 at DA Davidson
- Louisiana-Pacific price target raised to $77 from $75 at TD Securities
- Louisiana-Pacific price target raised to $82 from $80 at RBC Capital
