Is Louisiana-Pacific Corp (LPX) Stock a Solid Choice Right Now?
One stock that might be an intriguing choice for investors right now is Louisiana-Pacific Corporation LPX. This is because this security in the Building Products – Wood space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Building Products – Wood space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Louisiana-Pacific Corp is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past 30 days, current quarter estimates have moved from $2.52 per share to $2.57 per share, while current year estimates have moved from $5.64 per share to $5.92 per share. This has helped Louisiana-Pacific Corp to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.
LouisianaPacific Corporation Price and Consensus
LouisianaPacific Corporation price-consensus-chart | LouisianaPacific Corporation Quote
So, if you are looking for a decent pick in a strong industry, consider Louisiana-Pacific Corp. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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