Rosenblatt Securities Boosts Quad/Graphics (NYSE:QUAD) Price Target to $10.30

Quad/Graphics (NYSE:QUAD) had its price objective upped by stock analysts at Rosenblatt Securities from $7.70 to $10.30 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 44.06% from the company’s previous close.

Several other brokerages have also recently weighed in on QUAD. StockNews.com upgraded shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th. Barrington Research boosted their target price on shares of Quad/Graphics from $8.50 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Quad/Graphics Price Performance

Shares of Quad/Graphics stock opened at $7.15 on Monday. Quad/Graphics has a twelve month low of $4.06 and a twelve month high of $7.94. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 8.35. The company has a 50-day simple moving average of $5.85 and a two-hundred day simple moving average of $5.30. The stock has a market capitalization of $372.65 million, a price-to-earnings ratio of -4.35 and a beta of 1.57.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings data on Monday, October 28th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Quad/Graphics had a negative net margin of 2.82% and a positive return on equity of 42.63%. The business had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $654.90 million. During the same quarter in the previous year, the company earned $0.11 EPS. Analysts forecast that Quad/Graphics will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Quad/Graphics

Institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its position in Quad/Graphics by 271.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,175 shares of the business services provider’s stock worth $175,000 after purchasing an additional 23,507 shares in the last quarter. Inspire Investing LLC acquired a new position in Quad/Graphics during the 2nd quarter worth approximately $850,000. Vanguard Group Inc. increased its position in 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 worth $9,386,000 after purchasing an additional 11,139 shares in the last quarter. SG Americas Securities LLC acquired a new position in Quad/Graphics during the 3rd quarter worth approximately $54,000. Finally, GAMMA Investing LLC acquired a new position in Quad/Graphics during the 2nd quarter worth approximately $68,000. 39.52% of the stock is currently owned by institutional investors and hedge funds.

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.