Louisiana-Pacific Corporation (LPX) : Traders are bullish on Louisiana-Pacific Corporation (LPX) as it has outperformed the S&P 500 by a wide margin of 7.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.07%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.5% in the last 1 week, and is up 9.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Louisiana-Pacific Corporation (NYSE:LPX): The stock opened at $20.74 on Friday but the bulls could not build on the opening and the stock topped out at $20.97 for the day. The stock traded down to $20.19 during the day, due to lack of any buying support eventually closed down at $20.30 with a loss of -0.93% for the day. The stock had closed at $20.49 on the previous day. The total traded volume was 2,751,092 shares.
The stock has recorded a 20-day Moving Average of 2.53% and the 50-Day Moving Average is 10.1%. Louisiana-Pacific Corp. is up 10.99% in the last 3-month period. Year-to-Date the stock performance stands at 12.72%.
Louisiana-Pacific Corporation (LPX) stock is expected to deviate a maximum of $2.79 from the average target price of $20.82 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $17.
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.