Louisiana-Pacific Corporation [NYSE:LPX] shares are showing some interesting activity. The company’s daily low is at $30.03 as the high is reaching $31.80.
If readers are not familiar, Louisiana-Pacific Corporation is in the Industrials sector under the Building Products & Equipment industry. This week, we are watching the stock hit price per sales of 1.58 with an earning per share of 0.16.
As a reference point, the S&P 500 is trading 1.71% over the last 52 weeks, while LPX stock is trading 31.18%.
The Price is right
Holding a Market Cap of $3.58 billion, Louisiana-Pacific Corporation has seen a trading range over the last year of $12.97-$34.35.
For the last five days, LPX is up from its last closing price. The average shares trading hands each day is 1.35M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for LPX. When we apply the Elder Force Index to Louisiana-Pacific Corporation, we are seeing an Elder Force Indicator number of 3569675.66.
The recent performance of the stock is another area that can tell traders how to proceed. LPX is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 12.11.
In the last quarter, LPX made a profit of 117.0 million. Louisiana-Pacific Corporation also saw quarter revenue growth year over year of -18.32%.
Looking at popular technical indicators, the company’s 5-day moving average is 30.21 compared to the 50-day moving average of 1.46%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. LPX currently holds a 9-day RSI of 58.22%, while 100-day RSI stands at 53.14%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. LPX’s 9-day MACD is 0.34 and the company’s 100-day MACD stands at 1.85.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.63% by insiders and 99.08% by institutions. Regarding institutional holdings, Blackrock Inc. owns 11.70%, while the second top holder, Vanguard Group, Inc. (The), currently owns 10.22%.
Over the last six months, insiders have sold 29,352 with the most recent transaction from LANDGRAF KURT M, Director, with a sell at price 30.60 per share.
Overall, the recommended rating for LPX is Moderate Buy. Currently, the company has 9 analysts watching the stock, and the average quarterly earnings estimate is 1.5. Quarterly revenue estimates are averaging 753.09M with the high estimate reaching 773M and the low at 680M.
To review, the current 1-year target estimate is sitting at 36.50, while the current price 31.64. Based on this, we expect the stock to rise considering the aforementioned fundamentals.