Louisiana-Pacific Corporation (LPX) : Analyst Rating Update

Louisiana-Pacific Corporation (LPX) : 3 brokerage houses believe that Louisiana-Pacific Corporation (LPX) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Louisiana-Pacific Corporation (LPX). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.14.

Louisiana-Pacific Corporation (LPX) : 7 investment research analysts covering Louisiana-Pacific Corporation (LPX) have an average price target of $19.82 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $17 for the short term. Analysts expect the variance to be within $1.65 of the average price.

Louisiana-Pacific Corporation (NYSE:LPX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.31 and $17.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.68, notching a gain of 1.67% for the day. The total traded volume was 2,064,363 . The stock had closed at $17.39 on the previous day.

The company shares have rallied 6.82% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $18.97 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $17.55 and the 200 Day Moving Average price is recorded at $16.83.

Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.

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