Rosenblatt Securities Reiterates Buy Rating for Quad/Graphics (NYSE:QUAD)

Quad/Graphics (NYSE:QUAD)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a report issued on Tuesday, Benzinga reports. They currently have a $7.60 price target on the business services provider’s stock. Rosenblatt Securities’ target price suggests a potential upside of 60.34% from the company’s current price.

A number of other equities research analysts have also weighed in on QUAD. StockNews.com raised Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 16th. Barrington Research reissued an “outperform” rating and set a $8.50 price objective on shares of Quad/Graphics in a research report on Friday.

Quad/Graphics Trading Down 2.3 %

QUAD stock traded down $0.11 during trading on Tuesday, hitting $4.74. The company had a trading volume of 24,893 shares, compared to its average volume of 154,547. The stock has a market cap of $246.19 million, a PE ratio of -3.80 and a beta of 1.60. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 5.83. The business has a 50-day moving average of $4.81 and a 200-day moving average of $4.97. Quad/Graphics has a one year low of $3.96 and a one year high of $6.75.

Quad/Graphics (NYSE:QUAD) last released its earnings results on Tuesday, July 30th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $634.20 million during the quarter, compared to the consensus estimate of $645.70 million. During the same period last year, the business posted $0.02 earnings per share. Research analysts predict that Quad/Graphics will post 0.76 earnings per share for the current fiscal year.

Institutional Trading of Quad/Graphics

Hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its holdings in shares of Quad/Graphics by 271.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,175 shares of the business services provider’s stock valued at $175,000 after acquiring an additional 23,507 shares during the period. Inspire Investing LLC acquired a new stake in Quad/Graphics during the second quarter worth about $850,000. Vanguard Group Inc. grew its position in shares of Quad/Graphics by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,767,528 shares of the business services provider’s stock valued at $9,386,000 after acquiring an additional 11,139 shares during the period. GAMMA Investing LLC acquired a new stake in Quad/Graphics in the second quarter valued at approximately $68,000. Finally, LSV Asset Management raised its position in shares of Quad/Graphics by 5.8% during the 1st quarter. LSV Asset Management now owns 1,118,383 shares of the business services provider’s stock worth $5,939,000 after purchasing an additional 61,431 shares during the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

About Quad/Graphics

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.