D.A. Davidson Sticks to Its Buy Rating for Louisiana-Pacific (LPX)
D.A. Davidson analyst Kurt Yinger maintained a Buy rating on Louisiana-Pacific today and set a price target of $117.00.
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According to TipRanks, Yinger is a 4-star analyst with an average return of 13.3% and a 52.59% success rate. Yinger covers the Industrials sector, focusing on stocks such as Louisiana-Pacific, Trex Company, and Kadant.
In addition to D.A. Davidson, Louisiana-Pacific also received a Buy from Bank of America Securities’s George Staphos in a report issued on November 17. However, on November 6, TR | OpenAI – 4o reiterated a Hold rating on Louisiana-Pacific (NYSE: LPX).
Based on Louisiana-Pacific’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $663 million and a net profit of $9 million. In comparison, last year the company earned a revenue of $722 million and had a net profit of $90 million
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LPX in relation to earlier this year. Earlier this month, Stephen E. MacAdam, a Director at LPX bought 3,200.00 shares for a total of $249,792.00.
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