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RBC Capital Stick to Their Buy Rating for Louisiana-Pacific Corp.

Apr 02, 2021 12:42AM ET
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RBC Capital analyst Paul Quinn maintained a Buy rating on Louisiana-Pacific (NYSE:LPX) Corp. on Thursday, setting a price target of $70, which is approximately 26.22% above the present share price of $55.46.

Quinn expects Louisiana-Pacific Corp. to post earnings per share (EPS) of $2.36 for the second quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Louisiana-Pacific, with an average price target of $54.33.
The analysts price targets range from a high of $62 to a low of $48.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $860 million and a net profit of $297 million. The company's market cap is $5.91 billion.

According to TipRanks.com, RBC Capital analyst Paul Quinn is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.3% and a 70.62% success rate.

Louisiana-Pacific Corp. engages in designing, manufacturing and marketing of products for the new home construction, repair and remodeling and outdoor structures markets. It operates through the following four segments: Siding, Oriented Strand Board (OSB), Engineered Wood Products, and South America. The Siding segment offers wood-based sidings, trim, soffit, fascia, and pre-finished lap and trim products in a variety of patterns and textures. The OSB segment manufactures and distributes oriented strand board structural panel products. The Engineered Wood Products segment includes laminated veneer lumber, laminated strand lumber, I-Joists, and other related products. The South American segment covers the distribution of OSB and siding products in South America and certain export markets. The company was founded on January 5, 1973 and is headquartered in Nashville, TN.

RBC Capital Stick to Their Buy Rating for Louisiana-Pacific Corp.
 

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