Zacks Investment Research lowered shares of LSC Communications Inc (NASDAQ:LKSD) from a hold rating to a strong sell rating in a report published on Wednesday.

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. “

A number of other analysts also recently issued reports on the stock. Citigroup Inc. downgraded shares of LSC Communications from a neutral rating to a sell rating in a report on Friday, September 29th. J P Morgan Chase & Co started coverage on shares of LSC Communications in a report on Friday, July 21st. They set a neutral rating on the stock. Finally, BidaskClub raised shares of LSC Communications from a strong sell rating to a sell rating in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $24.00.

LSC Communications (LKSD) traded up 0.12% on Wednesday, reaching $17.29. 57,442 shares of the company traded hands. The stock’s 50 day moving average price is $16.81 and its 200 day moving average price is $16.81. LSC Communications has a one year low of $15.05 and a one year high of $30.74. The company has a market capitalization of $603.27 million and a PE ratio of 11.37.

LSC Communications (NASDAQ:LKSD) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). The firm had revenue of $848.00 million for the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities research analysts predict that LSC Communications will post $2.15 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date was Friday, August 11th.

In related news, Director Shivan S. Subramaniam purchased 3,500 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were purchased at an average price of $16.41 per share, with a total value of $57,435.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of LSC Communications by 59.1% during the 2nd quarter. BlackRock Inc. now owns 4,701,098 shares of the company’s stock valued at $100,603,000 after acquiring an additional 1,746,936 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of LSC Communications by 43.0% in the second quarter. Vanguard Group Inc. now owns 4,434,192 shares of the company’s stock worth $94,891,000 after buying an additional 1,333,143 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of LSC Communications by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 1,129,140 shares of the company’s stock worth $24,164,000 after buying an additional 121,904 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock worth $21,252,000 after buying an additional 404,126 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of LSC Communications by 34.5% in the second quarter. State Street Corp now owns 838,168 shares of the company’s stock worth $17,941,000 after buying an additional 214,943 shares during the last quarter.

LSC Communications Company Profile

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

Analyst Recommendations for LSC Communications (NASDAQ:LKSD)

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