Louisiana-Pacific Corporation (NYSE:LPX) Charts Indicating Positive Momentum
- Author: Zachary Reyes Feb 14, 2017,
Feb 14, 2017, 21:34
The stock price is up +40.3% over the past year. 10 Analysts reported that the Price Target for Louisiana-Pacific Corp. might touch $27 high while the Average Price Target and Low price Target is $23.38 and $16 respectively.
According to Zacks, "Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil". It also provides laminated veneer lumber, I-joists, laminated strand lumber, and other related products for residential and commercial flooring, roofing systems, headers and beams, and other structural applications; and timber and timberlands, and other products and services.
A total of 25 brokerages have issued a ratings update on Union Pacific Corporation. The Stock now has the market capitalization of $3.34 Billion, P/E (price to earnings ttm) of 22.49 and Weekly volatility of 4.25% and monthly volatility of 2.76% respectively. Zacks Investment Research upgraded Union Pacific Corporation from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a research note on Tuesday, January 24th. DA Davidson also issued estimates for Louisiana-Pacific Corporation's Q2 2017 earnings at $0.42 EPS, Q3 2017 earnings at $0.43 EPS and Q4 2017 earnings at $0.29 EPS. Finally, Vertical Group upgraded Louisiana-Pacific Corporation from a hold rating to a buy rating in a report on Friday, October 14th.
Several research analysts have recently commented on the company. The company has a five bull technical rating which indicates extreme strength.
Union Pacific Corporation's (UNP) witnessed a gain of 0.42% in recent trading period with closing price of $107.87. The firm has a 50-day moving average of $19.72 and a 200 day moving average of $19.36. The stock has a market capitalization of $3.34 billion, a PE ratio of 22.64 and a beta of 1.14. After the recent gain, the stock is now holding -48.81% below its 52 week high of $17.68 and 5.97% above its 12-month low of $8.54. Louisiana-Pacific Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President Southern William Bradley has sold 10,622 shares of Louisiana-Pacific Corporation (LPX) in trading session dated December 09, 2016. Analysts are forecasting earnings of $0.28 on a per share basis this quarter. The company had Year Ago Sales of 504.6 Million. During the same quarter in the previous year, the firm posted $0.01 EPS. Equities research analysts forecast that Louisiana-Pacific Corporation will post $1.54 earnings per share for the current year. The shares are down by over -11.36% in the last three months, and the RSI indicator value of 43.74 is neither bullish nor bearish, tempting investors to stay on the sidelines. Earnings Per Share is computed by dividing the total profit by its total shares. Following the completion of the sale, the insider now owns 99,032 shares in the company, valued at $2,039,068.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The short ratio in the company's stock is documented at 1.98 and the short float is around of 0.96%. West Oak Capital LLC raised its position in Union Pacific Corporation by 6.2% in the third quarter. Federated Investors Inc. PA increased its position in shares of Louisiana-Pacific Corporation by 103.4% in the fourth quarter. The stock was up close to 1.69% on light volume in last trading session and closed at $9.05 per share. While it's Return on Investment (ROI) value is -3.4%. FNY Managed Accounts LLC acquired a new stake in Louisiana-Pacific Corporation during the third quarter worth $132,000.
The consensus analysts recommendation at this point stands at 2.50 on this stock. Finally, Prudential Financial Inc. raised its position in Louisiana-Pacific Corporation by 2.9% in the third quarter.