Louisiana-Pacific (LPX) Receives a Buy from Bank of America Securities

Bank of America Securities analyst George Staphos maintained a Buy rating on Louisiana-Pacific yesterday and set a price target of $86.00.

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Staphos covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, Sonoco Products, and Avery Dennison. According to TipRanks, Staphos has an average return of 3.7% and a 48.97% success rate on recommended stocks.

In addition to Bank of America Securities, Louisiana-Pacific also received a Buy from TipRanks – PerPlexity’s PerPlexity Paper Lumber and Forest Products in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Louisiana-Pacific (NYSE: LPX).

Based on Louisiana-Pacific’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $567 million and a GAAP net loss of $8 million. In comparison, last year the company earned a revenue of $680 million and had a net profit of $62 million

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock. Last month, Lizanne Gottung, a Director at LPX sold 1,300.00 shares for a total of $102,167.00.