Louisiana-Pacific Corp. (NYSE: LPX)’s stock price has decreased by -0.33 compared to its previous closing price of 72.99. However, the company has seen a -6.10% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-17 that Louisiana-Pacific (LPX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Louisiana-Pacific Corp. (NYSE: LPX) Right Now?
Louisiana-Pacific Corp. (NYSE: LPX) has a higher price-to-earnings ratio of 29.43x compared to its average ratio, The 36-month beta value for LPX is at 1.87. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 3 as “sell.”
The public float for LPX is 71.02M, and currently, shorts hold a 1.68% of that float. The average trading volume for LPX on April 18, 2024 was 931.10K shares.
LPX’s Market Performance
The stock of Louisiana-Pacific Corp. (LPX) has seen a -6.10% decrease in the past week, with a -6.14% drop in the past month, and a 7.75% gain in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.36% for LPX. The simple moving average for the past 20 days is -9.28% for LPX’s stock, with a 9.35% simple moving average for the past 200 days.
Analysts’ Opinion of LPX
TD Securities, on the other hand, stated in their research note that they expect to see LPX reach a price target of $78. The rating they have provided for LPX stocks is “Buy” according to the report published on September 20th, 2023.
DA Davidson gave a rating of “Buy” to LPX, setting the target price at $76 in the report published on August 23rd of the previous year.
LPX Trading at -3.63% from the 50-Day Moving Average
After a stumble in the market that brought LPX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.95% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -7.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.44% upper at present.
During the last 5 trading sessions, LPX fell by -6.10%, which changed the moving average for the period of 200-days by -2.97% in comparison to the 20-day moving average, which settled at $79.89. In addition, Louisiana-Pacific Corp. saw 2.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LPX starting from Gottung Lizanne C, who sale 2,500 shares at the price of $77.58 back on Mar 15 ’24. After this action, Gottung Lizanne C now owns 25,995 shares of Louisiana-Pacific Corp., valued at $193,955 using the latest closing price.
Blosser Michael W, the SVP, Manufacturing Services of Louisiana-Pacific Corp., sale 4,060 shares at $67.00 during a trade that took place back on Dec 14 ’23, which means that Blosser Michael W is holding 49,858 shares at $272,020 based on the most recent closing price.
Stock Fundamentals for LPX
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.23 for the gross margin
The net margin for Louisiana-Pacific Corp. stands at 0.07. The total capital return value is set at 0.13. Equity return is now at value 11.84, with 7.40 for asset returns.
Based on Louisiana-Pacific Corp. (LPX), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.83. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 19.93.
Currently, EBITDA for the company is 467.0 million with net debt to EBITDA at 0.36. When we switch over and look at the enterprise to sales, we see a ratio of 2.1. The receivables turnover for the company is 16.65for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.00.
Conclusion
In conclusion, Louisiana-Pacific Corp. (LPX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
