Quad/Graphics' (QUAD) "Buy" Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Quad/Graphics (NYSE:QUAD - Free Report) in a research note issued to investors on Friday, Benzinga reports. The firm currently has a $7.60 price target on the business services provider's stock.

Several other brokerages have also recently issued reports on QUAD. StockNews.com cut Quad/Graphics from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 18th. Barrington Research reiterated an "outperform" rating and set a $8.50 price target on shares of Quad/Graphics in a research note on Friday, September 20th.

Quad/Graphics Trading Down 6.4 %

NYSE QUAD traded down $0.35 during mid-day trading on Friday, reaching $5.11. 239,867 shares of the stock were exchanged, compared to its average volume of 154,172. Quad/Graphics has a 1-year low of $3.96 and a 1-year high of $6.75. The business's fifty day simple moving average is $4.80 and its 200 day simple moving average is $4.97. The stock has a market capitalization of $266.54 million, a PE ratio of -4.29 and a beta of 1.60. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.56 and a current ratio of 0.85.

Quad/Graphics (NYSE:QUAD - Get Free Report) last issued its earnings results on Tuesday, July 30th. The business services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Quad/Graphics had a positive return on equity of 26.62% and a negative net margin of 2.00%. The company had revenue of $634.20 million for the quarter, compared to analyst estimates of $645.70 million. During the same period in the prior year, the firm posted $0.02 EPS. On average, research analysts anticipate that Quad/Graphics will post 0.76 earnings per share for the current fiscal year.

Quad/Graphics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 3.91%. Quad/Graphics's dividend payout ratio (DPR) is presently -16.81%.

Institutional Investors Weigh In On Quad/Graphics

Several hedge funds and other institutional investors have recently made changes to their positions in QUAD. SG Americas Securities LLC bought a new stake in Quad/Graphics in the 3rd quarter valued at $54,000. GAMMA Investing LLC bought a new stake in Quad/Graphics in the 2nd quarter worth about $68,000. Quadrature Capital Ltd purchased a new stake in shares of Quad/Graphics during the 1st quarter valued at approximately $104,000. Heron Bay Capital Management bought a new stake in Quad/Graphics during the 2nd quarter worth approximately $124,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Quad/Graphics by 20.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider's stock valued at $128,000 after purchasing an additional 4,023 shares during the last quarter. 39.52% of the stock is owned by institutional investors and hedge funds.

Quad/Graphics Company Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.