RBC Capital Remains a Buy on Louisiana-Pacific (LPX)

RBC Capital analyst Matt McKellar maintained a Buy rating on Louisiana-Pacific yesterday and set a price target of $104.00.

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According to TipRanks, McKellar is an analyst with an average return of -1.0% and a 35.71% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Interfor, Clearwater Paper, and Mercer International.

In addition to RBC Capital, Louisiana-Pacific also received a Buy from Barclays’s Matthew Bouley in a report issued on December 8. However, on December 9, 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 41 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. Last month, Stephen E. MacAdam, a Director at LPX bought 3,200.00 shares for a total of $249,792.00.