The stock of Louisiana-Pacific Corp. (NYSE: LPX) has decreased by -0.98 when compared to last closing price of 73.69. Despite this, the company has experienced a -0.30% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Louisiana-Pacific (LPX) possesses solid growth attributes, which could help it handily outperform the market.
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 29.52x compared to its average ratio, The 36-month beta value for LPX is at 1.88. 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 1.77% of that float. The average trading volume for LPX on May 08, 2024 was 975.36K shares.
LPX’s Market Performance
LPX’s stock has seen a -0.30% decrease for the week, with a -7.42% drop in the past month and a 11.30% gain in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 2.40% for Louisiana-Pacific Corp. The simple moving average for the last 20 days is -2.12% for LPX stock, with a simple moving average of 9.92% for the last 200 days.
Analysts’ Opinion of LPX
Many brokerage firms have already submitted their reports for LPX stocks, with Loop Capital repeating the rating for LPX by listing it as a “Hold.” The predicted price for LPX in the upcoming period, according to Loop Capital is $82 based on the research report published on May 03, 2024 of the current year 2024.
TD Securities gave a rating of “Buy” to LPX, setting the target price at $78 in the report published on September 20th of the previous year.
LPX Trading at -5.05% 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 -13.69% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -8.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.33% upper at present.
During the last 5 trading sessions, LPX fell by -0.30%, which changed the moving average for the period of 200-days by -4.01% in comparison to the 20-day moving average, which settled at $74.21. In addition, Louisiana-Pacific Corp. saw 3.02% 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.
