Citigroup Lowers LSC Communications (NYSE:LKSD) Price Target to $11.00

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.

LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.12). LSC Communications had a positive return on equity of 23.53% and a negative net margin of 1.67%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $971.00 million. During the same period in the prior year, the company earned $0.73 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts expect that LSC Communications will post 2.07 EPS for the current year.

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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Analyst Recommendations for LSC Communications (NYSE:LKSD)

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