LSC Communications (LKSD) Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of LSC Communications (NYSE:LKSD) from a hold rating to a buy rating in a report released on Wednesday morning. Zacks Investment Research currently has $11.00 target price on the stock.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

Several other brokerages have also recently issued reports on LKSD. ValuEngine raised LSC Communications from a strong sell rating to a sell rating in a research report on Thursday, August 9th. Citigroup cut their target price on LSC Communications from $14.00 to $11.00 and set a neutral rating on the stock in a research report on Friday, November 2nd. Finally, Buckingham Research cut their target price on LSC Communications from $22.00 to $19.00 and set a buy rating on the stock in a research report on Thursday, November 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. LSC Communications has an average rating of Hold and an average target price of $14.40.

LSC Communications stock traded up $0.27 during mid-day trading on Wednesday, reaching $10.47. The stock had a trading volume of 351,885 shares, compared to its average volume of 881,571. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.98 and a current ratio of 1.27. LSC Communications has a fifty-two week low of $7.78 and a fifty-two week high of $18.64. The stock has a market capitalization of $340.05 million, a PE ratio of 5.31, a price-to-earnings-growth ratio of -2.46 and a beta of 0.14.

LSC Communications (NYSE:LKSD) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $971.00 million. LSC Communications had a negative net margin of 1.67% and a positive return on equity of 23.53%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. Research analysts forecast that LSC Communications will post 2.07 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Thursday, November 15th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.04 annualized dividend and a dividend yield of 9.93%. LSC Communications’s payout ratio is 52.79%.

Several large investors have recently made changes to their positions in LKSD. Schwab Charles Investment Management Inc. boosted its position in shares of LSC Communications by 191.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,152,305 shares of the company’s stock valued at $18,046,000 after buying an additional 757,280 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of LSC Communications by 30.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,668,210 shares of the company’s stock valued at $26,124,000 after buying an additional 389,876 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of LSC Communications by 57.6% during the second quarter. WINTON GROUP Ltd now owns 431,728 shares of the company’s stock valued at $6,761,000 after buying an additional 157,758 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of LSC Communications by 19.3% during the second quarter. Wells Fargo & Company MN now owns 578,820 shares of the company’s stock valued at $9,064,000 after buying an additional 93,658 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of LSC Communications by 30.9% during the third quarter. American Century Companies Inc. now owns 320,440 shares of the company’s stock valued at $3,544,000 after buying an additional 75,690 shares during the last quarter. 85.01% of the stock is currently owned by institutional investors.

LSC Communications Company Profile

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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