Stephens analyst Mark Connelly upgraded Louisiana-Pacific (LPX) to Buy today. The company’s shares closed yesterday at $24.19.
According to TipRanks.com, Connelly is a 3-star analyst with an average return of 2.6% and a 53.6% success rate. Connelly covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Graphic Packaging, and Israel Chemicals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Louisiana-Pacific with a $25 average price target.
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Louisiana-Pacific’s market cap is currently $3.31B and has a P/E ratio of 8.92. The company has a Price to Book ratio of 1.95.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Last month, Gary Cook, a Director at LPX sold 4,000 shares for a total of $99,020.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
