Louisiana-Pacific Corp. (LPX) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 9.05% since Feb 3.
This building products wholesale stock witnessed two upward revisions in the past 60 days. The Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for Louisiana-Pacific. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Louisiana-Pacific Corp. has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
However some better-ranked stocks in the sector include Universal Forest Products Inc. (UFPI), Potlatch Corporation (PCH) and Weyerhaeuser Co. (WY). While Universal Forest Products sports a Zacks Rank #1 (Strong Buy), Potlatch Corporation and Weyerhaeuser Co. hold a Zacks Rank #2 (Buy).
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