RBC Capital analyst Paul Quinn maintained a Buy rating on Louisiana-Pacific (LPX – Research Report) on January 9 and set a price target of $75.00. The company’s shares closed yesterday at $63.86.
Quinn covers the Basic Materials sector, focusing on stocks such as Mercer International, West Fraser Timber Co, and Clearwater Paper. According to TipRanks, Quinn has an average return of 21.3% and a 61.75% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Louisiana-Pacific with a $71.20 average price target.
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The company has a one-year high of $77.88 and a one-year low of $48.01. Currently, Louisiana-Pacific has an average volume of 887.5K.
Based on the recent corporate insider activity of 59 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.
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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 downgraded to Hold at TD Securities after outperformance
- Louisiana-Pacific downgraded to Hold from Buy at TD Securities
- Louisiana-Pacific management to meet virtually with Seaport Global
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