Buckingham Research Analysts Give LSC Communications (NYSE:LKSD) a $10.00 Price Target

Buckingham Research set a $10.00 target price on LSC Communications (NYSE:LKSD) in a research report report published on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on LKSD. ValuEngine upgraded LSC Communications from a strong sell rating to a sell rating in a research note on Thursday, May 23rd. Zacks Investment Research upgraded LSC Communications from a sell rating to a hold rating in a research note on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. LSC Communications currently has an average rating of Hold and an average price target of $10.56.

Shares of LKSD stock traded down $0.14 during trading hours on Tuesday, reaching $3.67. The company’s stock had a trading volume of 46,159 shares, compared to its average volume of 460,974. The company’s 50 day moving average is $5.39. The firm has a market capitalization of $140.41 million, a P/E ratio of 2.98 and a beta of 1.64. LSC Communications has a fifty-two week low of $3.81 and a fifty-two week high of $16.64. The company has a quick ratio of 0.84, a current ratio of 1.13 and a debt-to-equity ratio of 4.24.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.07). LSC Communications had a negative net margin of 3.69% and a positive return on equity of 21.27%. The firm had revenue of $845.00 million during the quarter, compared to the consensus estimate of $851.40 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The firm’s revenue was down 9.0% on a year-over-year basis. On average, research analysts expect that LSC Communications will post 1.21 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 28.34%. The ex-dividend date was Tuesday, May 14th. LSC Communications’s payout ratio is 84.55%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in LSC Communications by 17.6% in the 4th quarter. Rhumbline Advisers now owns 100,593 shares of the company’s stock valued at $704,000 after buying an additional 15,047 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in LSC Communications in the 4th quarter valued at approximately $89,000. PNC Financial Services Group Inc. grew its holdings in LSC Communications by 49.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,578 shares of the company’s stock valued at $68,000 after buying an additional 3,165 shares during the last quarter. California Public Employees Retirement System grew its holdings in LSC Communications by 7.7% in the 4th quarter. California Public Employees Retirement System now owns 149,785 shares of the company’s stock valued at $1,048,000 after buying an additional 10,733 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in LSC Communications by 3.4% in the 4th quarter. BlackRock Inc. now owns 4,995,745 shares of the company’s stock valued at $34,970,000 after buying an additional 163,871 shares during the last quarter. Institutional investors own 83.00% of the company’s stock.

About LSC Communications

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.

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