Quad Graphics (NYSE:QUAD) Stock Price Expected to Rise, Benchmark Analyst Says

Quad Graphics (NYSE:QUAD) had its price objective lifted by equities researchers at Benchmark from $10.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Benchmark’s price objective points to a potential upside of 31.78% from the company’s current price.

QUAD has been the topic of several other research reports. Rosenblatt Securities upped their price objective on Quad Graphics from $9.80 to $13.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quad Graphics in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Quad Graphics Stock Up 6.2%

Shares of NYSE:QUAD traded up $0.57 during midday trading on Thursday, hitting $9.87. The stock had a trading volume of 465,437 shares, compared to its average volume of 205,186. The company has a market cap of $508.64 million, a P/E ratio of 15.62 and a beta of 1.11. Quad Graphics has a 12 month low of $5.09 and a 12 month high of $10.14. The business’s 50-day simple moving average is $7.97 and its 200-day simple moving average is $7.23. The company has a quick ratio of 0.65, a current ratio of 0.94 and a debt-to-equity ratio of 3.04.

Quad Graphics (NYSE:QUAD) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Quad Graphics had a net margin of 1.31% and a return on equity of 48.65%. The firm had revenue of $577.50 million for the quarter, compared to analyst estimates of $545.15 million. On average, sell-side analysts forecast that Quad Graphics will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Quad Graphics

Several hedge funds have recently added to or reduced their stakes in QUAD. Hillsdale Investment Management Inc. increased its position in Quad Graphics by 192.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 152,297 shares of the business services provider’s stock worth $955,000 after buying an additional 100,197 shares during the period. Ritholtz Wealth Management grew its stake in shares of Quad Graphics by 50.4% in the first quarter. Ritholtz Wealth Management now owns 267,064 shares of the business services provider’s stock valued at $1,765,000 after acquiring an additional 89,505 shares in the last quarter. Inspire Investing LLC bought a new position in Quad Graphics during the first quarter worth about $1,672,000. Miller Value Partners LLC raised its stake in Quad Graphics by 4.4% in the 4th quarter. Miller Value Partners LLC now owns 2,737,890 shares of the business services provider’s stock worth $17,167,000 after purchasing an additional 114,415 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Quad Graphics by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 29,936 shares of the business services provider’s stock worth $188,000 after purchasing an additional 2,861 shares in the last quarter. 39.52% of the stock is owned by institutional investors and hedge funds.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.