StockNews.com upgraded shares of Quad/Graphics (NYSE:QUAD - Free Report) from a buy rating to a strong-buy rating in a report published on Wednesday morning.
QUAD has been the topic of a number of other reports. Barrington Research reiterated an "outperform" rating and set a $10.00 price objective on shares of Quad/Graphics in a research note on Friday, February 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $10.30 price target on shares of Quad/Graphics in a report on Tuesday, February 18th.
Check Out Our Latest Report on Quad/Graphics
Quad/Graphics Stock Down 4.2 %
NYSE QUAD traded down $0.22 on Wednesday, reaching $5.03. 396,911 shares of the stock traded hands, compared to its average volume of 227,439. Quad/Graphics has a 12 month low of $4.06 and a 12 month high of $9.13. The company has a market cap of $263.21 million, a price-to-earnings ratio of -4.61 and a beta of 1.76. The company has a fifty day moving average price of $6.22 and a 200-day moving average price of $6.45. The company has a debt-to-equity ratio of 8.35, a quick ratio of 0.56 and a current ratio of 0.85.
Quad/Graphics (NYSE:QUAD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). Quad/Graphics had a negative net margin of 1.90% and a positive return on equity of 58.44%. The firm had revenue of $708.40 million for the quarter, compared to analysts' expectations of $726.70 million. As a group, research analysts forecast that Quad/Graphics will post 1.08 EPS for the current fiscal year.
Quad/Graphics Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.075 per share. The ex-dividend date was Friday, February 28th. This is an increase from Quad/Graphics's previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.97%. Quad/Graphics's dividend payout ratio is presently -27.52%.
Institutional Trading of Quad/Graphics
A number of institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in Quad/Graphics by 1,103.6% in the third quarter. FMR LLC now owns 22,050 shares of the business services provider's stock valued at $100,000 after buying an additional 20,218 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Quad/Graphics by 450.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 47,155 shares of the business services provider's stock valued at $214,000 after purchasing an additional 38,588 shares during the last quarter. Martingale Asset Management L P boosted its stake in Quad/Graphics by 5.4% in the 3rd quarter. Martingale Asset Management L P now owns 93,712 shares of the business services provider's stock worth $425,000 after purchasing an additional 4,808 shares in the last quarter. Stifel Financial Corp boosted its stake in Quad/Graphics by 61.9% in the 3rd quarter. Stifel Financial Corp now owns 31,060 shares of the business services provider's stock worth $141,000 after purchasing an additional 11,874 shares in the last quarter. Finally, State Street Corp grew its position in Quad/Graphics by 2.0% during the 3rd quarter. State Street Corp now owns 539,071 shares of the business services provider's stock worth $2,447,000 after purchasing an additional 10,431 shares during the last quarter. Institutional investors and hedge funds own 39.52% of the company's stock.
About Quad/Graphics
(
Get Free Report)
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.
See Also
Before you consider Quad/Graphics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quad/Graphics wasn't on the list.
While Quad/Graphics currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
