LSC Communications Inc (NYSE:LKSD)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $8.58 and last traded at $8.60, with a volume of 15104 shares changing hands. The stock had previously closed at $9.22.
Several equities analysts have recently issued reports on the company. Buckingham Research assumed coverage on LSC Communications in a research note on Monday, June 25th. They issued a “buy” rating and a $22.00 price objective for the company. Wells Fargo & Co decreased their price objective on LSC Communications from $19.00 to $17.00 and set a “market perform” rating for the company in a research note on Monday, June 25th. Zacks Investment Research upgraded LSC Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine upgraded LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, JPMorgan Chase & Co. cut LSC Communications from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research note on Friday, July 6th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.75.
The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 3.08. The company has a market cap of $291.33 million, a PE ratio of 5.46, a PEG ratio of -2.14 and a beta of -0.66.
Several institutional investors and hedge funds have recently made changes to their positions in LKSD. Wells Fargo & Company MN boosted its stake in shares of LSC Communications by 35.0% in the 1st quarter. Wells Fargo & Company MN now owns 485,162 shares of the company’s stock valued at $8,466,000 after buying an additional 125,704 shares during the period. Northern Trust Corp raised its position in shares of LSC Communications by 1.7% during the 1st quarter. Northern Trust Corp now owns 458,491 shares of the company’s stock worth $8,000,000 after acquiring an additional 7,542 shares in the last quarter. BlackRock Inc. raised its position in shares of LSC Communications by 1.2% during the 1st quarter. BlackRock Inc. now owns 4,878,645 shares of the company’s stock worth $85,134,000 after acquiring an additional 58,748 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LSC Communications by 29.5% during the 1st quarter. JPMorgan Chase & Co. now owns 322,035 shares of the company’s stock worth $5,620,000 after acquiring an additional 73,286 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of LSC Communications by 28.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,278,334 shares of the company’s stock worth $22,307,000 after acquiring an additional 284,267 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.
LSC Communications Company Profile (NYSE:LKSD)
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.
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