Louisiana-Pacific Corp. (LPX): Today's Featured Wholesale Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Louisiana-Pacific fell $0.17 (-1.0%) to $16.24 on light volume. Throughout the day, 1,761,841 shares of Louisiana-Pacific exchanged hands as compared to its average daily volume of 3,087,500 shares. The stock ranged in price between $16.05-$16.54 after having opened the day at $16.43 as compared to the previous trading day's close of $16.41. Other companies within the Wholesale industry that declined today were:
(
), down 5.7%,
(
), down 5.0%,
(
), down 4.1% and
Taitron Components Inc. Class A
(
), down 3.8%.
Louisiana-Pacific Corporation, together with its subsidiaries, engages in manufacturing and distributing building products for new home construction, repair and remodeling, manufactured housing, and light industrial and commercial construction. Louisiana-Pacific has a market cap of $2.3 billion and is part of the services sector. Shares are down 15.1% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Louisiana-Pacific a buy, 3 analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Louisiana-Pacific
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Louisiana-Pacific Ratings Report.
On the positive front,
(
), up 17.5%,
(
), up 10.9%,
Aegean Marine Petroleum Network
(
), up 6.2% and
(
), up 3.9%.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
null