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Louisiana-Pacific (LPX) Looks Good: Stock Adds 5.1% in Session

Zacks Equity Research

Louisiana-Pacific Corporation LPX was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $23.74 –$25.73 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Louisiana-Pacific currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Louisiana-Pacific Corporation Price

Louisiana-Pacific Corporation Price | Louisiana-Pacific Corporation Quote

Investors interested in the Construction sector may consider Great Lakes Dredge & Dock Corporation GLDD, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is LPX going up? Or down? Predict to see what others think:Up or Down

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