LSC Communications (LKSD) Receives $14.00 Average Price Target from Analysts

LSC Communications (NYSE:LKSD) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $14.00.

Several research firms have commented on LKSD. Bank of America downgraded LSC Communications from a “neutral” rating to an “underperform” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded LSC Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, Citigroup dropped their target price on LSC Communications from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 4th.

Shares of NYSE:LKSD traded up $0.37 during trading on Monday, reaching $13.01. 5,787 shares of the company traded hands, compared to its average volume of 341,774. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.04 and a current ratio of 1.36. LSC Communications has a 52 week low of $11.58 and a 52 week high of $22.37. The company has a market cap of $469.36 million, a price-to-earnings ratio of 6.58, a PEG ratio of 4.14 and a beta of -0.27.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings data on Thursday, May 3rd. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.28). The business had revenue of $929.00 million for the quarter, compared to the consensus estimate of $873.77 million. LSC Communications had a positive return on equity of 22.60% and a negative net margin of 1.81%. LSC Communications’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. research analysts predict that LSC Communications will post 2.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Tuesday, May 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.04 annualized dividend and a yield of 7.99%. LSC Communications’s dividend payout ratio is presently 52.79%.

A number of institutional investors have recently bought and sold shares of LKSD. Rhumbline Advisers increased its stake in shares of LSC Communications by 4.3% in the first quarter. Rhumbline Advisers now owns 83,782 shares of the company’s stock valued at $1,462,000 after buying an additional 3,417 shares during the period. Russell Investments Group Ltd. increased its stake in shares of LSC Communications by 83.9% in the first quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock valued at $173,000 after buying an additional 4,507 shares during the period. Principal Financial Group Inc. increased its stake in shares of LSC Communications by 1.9% in the first quarter. Principal Financial Group Inc. now owns 267,433 shares of the company’s stock valued at $4,667,000 after buying an additional 4,983 shares during the period. Northern Trust Corp increased its stake in shares of LSC Communications by 1.7% in the first quarter. Northern Trust Corp now owns 458,491 shares of the company’s stock valued at $8,000,000 after buying an additional 7,542 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of LSC Communications by 14.8% in the first quarter. Legal & General Group Plc now owns 112,083 shares of the company’s stock valued at $1,952,000 after buying an additional 14,481 shares during the period. Hedge funds and other institutional investors own 84.44% 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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