LSC Communications Inc (LKSD) Stock Rating Upgraded by Zacks Investment Research

LSC Communications Inc (NASDAQ:LKSD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Other research analysts also recently issued research reports about the stock. Citigroup Inc. downgraded shares of LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, J P Morgan Chase & Co assumed coverage on shares of LSC Communications in a research report on Friday, July 21st. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.00.

LSC Communications (LKSD) opened at 16.47 on Tuesday. The firm has a market capitalization of $574.65 million and a price-to-earnings ratio of 10.83. LSC Communications has a one year low of $15.05 and a one year high of $30.74. The company has a 50-day moving average of $16.80 and a 200 day moving average of $16.80.

LSC Communications (NASDAQ:LKSD) last posted its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.09). The business had revenue of $848.00 million for the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. LSC Communications’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts anticipate that LSC Communications will post $2.15 EPS for the current year.

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In other news, Director Shivan S. Subramaniam purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were purchased at an average price of $17.18 per share, for a total transaction of $85,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of LSC Communications in the 2nd quarter worth approximately $138,000. Sei Investments Co. lifted its position in shares of LSC Communications by 53.3% in the 2nd quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock worth $139,000 after purchasing an additional 2,263 shares during the period. State of Alaska Department of Revenue lifted its position in shares of LSC Communications by 85.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock worth $142,000 after purchasing an additional 3,062 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of LSC Communications by 32.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock worth $172,000 after purchasing an additional 1,950 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of LSC Communications in the 2nd quarter worth approximately $205,000.

LSC Communications Company Profile

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

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. “

Other research analysts also recently issued research reports about the stock. Citigroup Inc. downgraded shares of LSC Communications from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. BidaskClub upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, J P Morgan Chase & Co assumed coverage on shares of LSC Communications in a research report on Friday, July 21st. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.00.

LSC Communications (LKSD) opened at 16.47 on Tuesday. The firm has a market capitalization of $574.65 million and a price-to-earnings ratio of 10.83. LSC Communications has a one year low of $15.05 and a one year high of $30.74. The company has a 50-day moving average of $16.80 and a 200 day moving average of $16.80.

LSC Communications (NASDAQ:LKSD) last posted its earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.09). The business had revenue of $848.00 million for the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. LSC Communications’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts anticipate that LSC Communications will post $2.15 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/lsc-communications-inc-lksd-stock-rating-upgraded-by-zacks-investment-research.html.

In other news, Director Shivan S. Subramaniam purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were purchased at an average price of $17.18 per share, for a total transaction of $85,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of LSC Communications in the 2nd quarter worth approximately $138,000. Sei Investments Co. lifted its position in shares of LSC Communications by 53.3% in the 2nd quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock worth $139,000 after purchasing an additional 2,263 shares during the period. State of Alaska Department of Revenue lifted its position in shares of LSC Communications by 85.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock worth $142,000 after purchasing an additional 3,062 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of LSC Communications by 32.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock worth $172,000 after purchasing an additional 1,950 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of LSC Communications in the 2nd quarter worth approximately $205,000.

LSC Communications Company Profile

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

Analyst Recommendations for LSC Communications (NASDAQ:LKSD)

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