Zacks Investment Research upgraded shares of LSC Communications (NYSE:LKSD) from a strong sell rating to a hold rating in a report published on Wednesday, 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. “

A number of other brokerages also recently issued reports on LKSD. Buckingham Research set a $10.00 price objective on shares of LSC Communications and gave the company a buy rating in a research report on Tuesday, June 25th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

NYSE:LKSD opened at $3.78 on Wednesday. The firm’s fifty day moving average price is $4.63. LSC Communications has a 52 week low of $3.46 and a 52 week high of $15.88. The company has a quick ratio of 0.84, a current ratio of 1.13 and a debt-to-equity ratio of 4.24. The company has a market cap of $126.67 million, a price-to-earnings ratio of 3.20 and a beta of 1.22.

LSC Communications (NYSE:LKSD) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.07). LSC Communications had a negative net margin of 3.69% and a positive return on equity of 21.27%. The firm had revenue of $845.00 million for the quarter, compared to the consensus estimate of $851.40 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Research analysts predict that LSC Communications will post 1.25 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in LSC Communications by 49.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,578 shares of the company’s stock valued at $68,000 after purchasing an additional 3,165 shares during the period. BNP Paribas Arbitrage SA increased its position in LSC Communications by 75.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,229 shares of the company’s stock valued at $60,000 after purchasing an additional 3,963 shares during the period. United Services Automobile Association increased its position in LSC Communications by 27.6% during the 4th quarter. United Services Automobile Association now owns 26,861 shares of the company’s stock valued at $188,000 after purchasing an additional 5,804 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of LSC Communications in the 1st quarter worth about $48,000. Finally, Factorial Partners LLC grew its position in shares of LSC Communications by 32.1% in the 1st quarter. Factorial Partners LLC now owns 37,000 shares of the company’s stock worth $242,000 after buying an additional 9,000 shares during the period. 83.00% of the stock is currently owned by institutional investors and hedge funds.

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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