LSC Communications Inc (NASDAQ:LKSD) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of LSC Communications Inc (NASDAQ:LKSD) from a strong sell rating to a sell rating in a report released on Friday, October 27th.

Several other research analysts have also recently commented on the company. Zacks Investment Research raised LSC Communications from a strong sell rating to a hold rating in a research report on Tuesday, October 10th. Citigroup Inc. downgraded LSC Communications from a neutral rating to a sell rating in a report on Friday, September 29th. Finally, J P Morgan Chase & Co started coverage on LSC Communications in a report on Friday, July 21st. They set a neutral rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. LSC Communications has a consensus rating of Hold and an average target price of $24.00.

Shares of LSC Communications (NASDAQ LKSD) opened at $14.67 on Friday. LSC Communications has a fifty-two week low of $13.74 and a fifty-two week high of $30.74.

LSC Communications (NASDAQ:LKSD) last posted its earnings results on Thursday, November 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $928.67 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Wednesday, November 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.82%.

In related news, Director Shivan S. Subramaniam purchased 3,500 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average price of $16.41 per share, with a total value of $57,435.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in LSC Communications by 59.1% in the second quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock worth $100,603,000 after acquiring an additional 1,746,936 shares in the last quarter. Vanguard Group Inc. grew its position in LSC Communications by 43.0% in the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock worth $94,891,000 after acquiring an additional 1,333,143 shares in the last quarter. Bank of New York Mellon Corp grew its position in LSC Communications by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 1,129,140 shares of the company’s stock worth $24,164,000 after acquiring an additional 121,904 shares in the last quarter. Nuveen Asset Management LLC grew its position in LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock worth $21,252,000 after acquiring an additional 404,126 shares in the last quarter. Finally, State Street Corp grew its position in LSC Communications by 34.5% in the second quarter. State Street Corp now owns 838,168 shares of the company’s stock worth $17,941,000 after acquiring an additional 214,943 shares in the last quarter.

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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