RBC Capital Sticks to Its Buy Rating for Louisiana-Pacific (LPX)
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According to TipRanks, McKellar is a 3-star analyst with an average return of 3.5% and a 44.19% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Clearwater Paper, Mercer International, and Rayonier Advanced Materials.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Louisiana-Pacific with a $107.00 average price target, implying a 22.51% upside from current levels. In a report released on July 11, Truist Financial also maintained a Buy rating on the stock with a $108.00 price target.
Based on Louisiana-Pacific's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $724 million and a net profit of $91 million. In comparison, last year the company earned a revenue of $724 million and had a net profit of $108 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LPX in relation to earlier this year. Last month, Lizanne Gottung, a Director at LPX sold 1,179.00 shares for a total of $105,544.08.
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