Whether you’re a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Louisiana-Pacific (LPX) for Your Portfolio?
Louisiana-Pacific was upgraded to the Zacks Rank #1 list on April 23, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Louisiana-Pacific Corporation or LP is a leading manufacturer of sustainable, quality engineered wood building materials, structural framing products as well as exterior siding for use in residential, industrial and light commercial construction.
For fiscal 2024, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.94 to $5.79 per share. LPX boasts an average earnings surprise of 18.6%.
Earnings are expected to grow 79.8% for the current fiscal year, while revenue is projected to increase 17%.
Additionally, LPX has climbed higher over the past four weeks, gaining 20.5%. The S&P 500 is up 4.8% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Louisiana-Pacific could be just the stock to help your portfolio generate returns that could fund your retirement, your kids’ college tuition, or your short- and long-term savings goals.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Louisiana-Pacific Corporation (LPX) : Free Stock Analysis Report
Signup bonus from
