Louisiana-Pacific Receives a New Rating from Top Analyst

By Austin Angelo

RBC Capital analyst Paul Quinn reiterated a Buy rating on Louisiana-Pacific (NYSE: LPX) yesterday and set a price target of $26. The company’s shares closed yesterday at $25.71.

According to TipRanks.com, Quinn is a top 25 analyst with an average return of 22.1% and a 82.1% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, International Paper Co, and Meadwestvaco Corp.

Louisiana-Pacific has an analyst consensus of Moderate Buy, with a price target consensus of $25.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Lizanne Gottung, a Director at LPX bought 8,675 shares for a total of $80,968.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Louisiana-Pacific Corp. engages in the manufacturing of engineered wood products. It operates through the following segments: North America Oriented Strand Board, Siding, Engineered Wood Products and South America. The Oriented Strand Board segment manufactures and distributes oriented strand board structural panel products. The Siding segment offers products in two categories: SmartSide, CanExel and accessory products. The SmartSide siding product consists of a full line of wood-based sidings, trim, soffit and fascia. The CanExel siding and accessory product offers a number of pre-finished lap and trim products in a variety of patterns and textures. The Engineered Wood Products segment manufactures and distributes laminated veneer lumber, I-Joists, laminated strand lumber and other related products. The South American segment engages in the manufacture and distribution of oriented strand board and siding products in South America and certain export markets. It also distributes and sells related products to augment the transition to wood frame construction. The company was founded on January 5, 1973 and is headquartered in Nashville, TN.