In yesterday’s Wall Street session, Louisiana-Pacific Corp (NYSE:LPX) shares traded at $116.64, down -1.95% from the previous session.
LPX stock price is now 8.83% away from the 50-day moving average and 28.47% away from the 200-day moving average. The market capitalization of the company currently stands at $8.19B.
With the price target maintained at $99, BMO Capital Markets recently Downgraded its rating from Outperform to Market Perform for Louisiana-Pacific Corp (NYSE: LPX). On June 17, 2024, Goldman Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $89 to quote $81, while ‘Seaport Research Partners’ rates the stock as ‘Neutral’
In other news, HORTON OZEY K JR, Director sold 300 shares of the company’s stock on Nov 12 ’24. The stock was sold for $34,023 at an average price of $113.41. Upon completion of the transaction, the Director now directly owns 28,638 shares in the company, valued at $3.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Director Gottung Lizanne C sold 2,500 shares of the business’s stock. A total of $245,750 was realized by selling the stock at an average price of $98.30. This leaves the insider owning 21,005 shares of the company worth $2.45 million. A total of 1.66% of the company’s stock is owned by insiders.
During the past 12 months, Louisiana-Pacific Corp has had a low of $60.27 and a high of $122.87. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 2.92, and a quick ratio of 1.69. According to the stock market information, the enterprise value for the company is $8218588672, which is based on a 20.08 price-to-earnings ratio, a 2.68 price-to-earnings-growth ratio, and a beta of 1.91. The fifty day moving average price for LPX is $106.8716 and a two-hundred day moving average price translates $90.552 for the stock.
The latest earnings results from Louisiana-Pacific Corp (NYSE: LPX) was released for 2024-09-30. The net profit margin was 14.29% and return on equity was 26.33% for LPX. The company reported revenue of $722.0 million for the quarter, compared to $728.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.82 percent. For the current quarter, analysts expect LPX to generate $652.78M in revenue.
