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Louisiana-Pacific (LPX) Soars: Stock Adds 7.1% in Session


Louisiana-Pacific Corporation LPX was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $26.73–$30.74 in the past one-month time frame, witnessed a sharp increase yesterday.

The shares rose after the company reported better-than-expected fourth-quarter 2017 results.

The company has seen one positive estimate revision in the past two months. Its Zacks Consensus Estimate for the current quarter, however, has remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Louisiana-Pacific currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Louisiana-Pacific Corporation Price and Consensus

Another stock worth considering in the Building Products – Wood industry is Boise Cascade, L.L.C. BCC which also sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is LPX going up? Or down? Predict to see what others think: Up or Down

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