Louisiana-Pacific (LPX) Surges: Stock Moves 9.7% Higher

Zacks Equity Research

Thu, Feb 14, 2019, 8:56 AM

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Louisiana-Pacific Corporation LPX was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.89 to $24.59 in the past one-month time frame.

The move came after the company announced its fourth-quarter 2018 results that missed expectations. However, the impact was offset by news of higher dividends and a new share buyback program.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Louisiana-Pacific currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Louisiana-Pacific Corporation Price

Louisiana-Pacific Corporation Price | Louisiana-Pacific Corporation Quote

Investors interested in the Construction sector may consider Gibraltar Industries, Inc. ROCK, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Louisiana-Pacific Corporation (LPX) : Free Stock Analysis Report

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Louisiana-Pacific (LPX) Surges: Stock Moves 9.7% Higher

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