While Louisiana-Pacific Corp. has overperformed by 0.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LPX rose by 37.49%, with highs and lows ranging from $84.54 to $49.47, whereas the simple moving average jumped by 17.53% in the last 200 days.
On January 11, 2024, TD Securities Downgraded Louisiana-Pacific Corp. (NYSE: LPX) to Hold. A report published by TD Securities on September 20, 2023, Upgraded its rating to ‘Buy’ for LPX. DA Davidson also Upgraded LPX shares as ‘Buy’, setting a target price of $76 on the company’s shares in a report dated August 23, 2023. Truist June 28, 2023d its ‘Hold’ rating to ‘Buy’ for LPX, as published in its report on June 28, 2023. TD Securities’s report from May 04, 2023 suggests a price prediction of $75 for LPX shares, giving the stock a ‘Buy’ rating. DA Davidson also rated the stock as ‘Neutral’.
Analysis of Louisiana-Pacific Corp. (LPX)
A return on investment can be expected regardless of LPX’s performance over the next quarter with the dividend set at $0.98 per share. Further, the quarter-over-quarter decrease in sales is -6.67%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Louisiana-Pacific Corp.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 11.84% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.54, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and LPX is recording an average volume of 912.92K. On a monthly basis, the volatility of the stock is set at 2.61%, whereas on a weekly basis, it is put at 2.21%, with a loss of -3.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $80.67, showing growth from the present price of $78.11, which can serve as yet another indication of whether LPX is worth investing in or should be passed over.
How Do You Analyze Louisiana-Pacific Corp. Shares?
A leading company in the Building Products & Equipment sector, Louisiana-Pacific Corp. (LPX) is based in the USA. When comparing Louisiana-Pacific Corp. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 31.60, there is a growth in quarterly earnings of 837.53%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.71%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LPX shares are owned by institutional investors to the tune of 90.28% at present.
