LSC Communications (NYSE:LKSD) had its price target dropped by Citigroup from $14.00 to $11.00 in a report issued on Friday, November 2nd. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 5.36% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Buckingham Research reduced their price target on LSC Communications from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Zacks Investment Research raised LSC Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine raised LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, JPMorgan Chase & Co. cut LSC Communications from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research report on Friday, July 6th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. LSC Communications presently has an average rating of “Hold” and a consensus target price of $14.40.
Shares of LKSD stock traded down $0.02 on Friday, hitting $10.44. 739,201 shares of the stock were exchanged, compared to its average volume of 976,137. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.27 and a quick ratio of 0.98. The stock has a market capitalization of $340.39 million, a P/E ratio of 5.30, a P/E/G ratio of -2.47 and a beta of 0.14. LSC Communications has a fifty-two week low of $7.78 and a fifty-two week high of $18.64.
Several hedge funds and other institutional investors have recently made changes to their positions in LKSD. Tower Research Capital LLC TRC bought a new position in shares of LSC Communications during the second quarter worth approximately $110,000. Piedmont Investment Advisors LLC bought a new position in shares of LSC Communications during the second quarter worth approximately $122,000. Stone Ridge Asset Management LLC bought a new position in shares of LSC Communications during the third quarter worth approximately $153,000. Russell Investments Group Ltd. increased its stake in shares of LSC Communications by 83.9% during the first quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock worth $173,000 after purchasing an additional 4,507 shares during the period. Finally, United Services Automobile Association bought a new position in LSC Communications during the 2nd quarter worth $191,000. Institutional investors own 85.01% of the company’s stock.
LSC Communications Company Profile
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.
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