LSC Communications (NYSE:LKSD) Cut to Strong Sell at Zacks Investment Research

LSC Communications (NYSE:LKSD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

According to Zacks, “LSC Communications, Inc. provides traditional and digital print, print-related services and office products which serves publishers, merchandisers and retailers. The Company’s service offering includes e-services, warehousing and fulfillment and supply chain management. LSC Communications, Inc. is based in Chicago, United States. “

LKSD has been the subject of a number of other research reports. Buckingham Research set a $10.00 price target on shares of LSC Communications and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine upgraded shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. LSC Communications presently has an average rating of “Hold” and a consensus price target of $10.56.

LKSD opened at $3.67 on Friday. The stock has a market capitalization of $123.32 million, a price-to-earnings ratio of 2.98 and a beta of 1.64. The firm’s 50 day moving average price is $5.22. LSC Communications has a 52-week low of $3.61 and a 52-week high of $16.46. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.13 and a quick ratio of 0.84.

LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The firm had revenue of $845.00 million for the quarter, compared to analysts’ expectations of $851.40 million. LSC Communications had a negative net margin of 3.69% and a positive return on equity of 21.27%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. As a group, analysts forecast that LSC Communications will post 1.21 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in LSC Communications by 3.4% during the fourth quarter. BlackRock Inc. now owns 4,995,745 shares of the company’s stock valued at $34,970,000 after purchasing an additional 163,871 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in LSC Communications by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,841,059 shares of the company’s stock valued at $12,887,000 after purchasing an additional 75,932 shares during the last quarter. ARP Americas LP increased its stake in LSC Communications by 332.7% during the first quarter. ARP Americas LP now owns 831,978 shares of the company’s stock valued at $5,433,000 after purchasing an additional 639,712 shares during the last quarter. Bank of America Corp DE increased its stake in LSC Communications by 251.4% during the fourth quarter. Bank of America Corp DE now owns 757,559 shares of the company’s stock valued at $5,303,000 after purchasing an additional 542,004 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in LSC Communications during the fourth quarter valued at $2,953,000. Hedge funds and other institutional investors own 83.00% of the company’s stock.

LSC Communications Company Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.

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