Quad/Graphics’ (QUAD) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Quad/Graphics (NYSE:QUAD) in a report released on Friday, Benzinga reports. Rosenblatt Securities currently has a $7.60 price target on the business services provider’s stock.

A number of other equities analysts have also recently commented on the company. StockNews.com cut Quad/Graphics from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 18th. Barrington Research reaffirmed an “outperform” rating and set a $8.50 price objective on shares of Quad/Graphics in a research note on Friday, September 20th.

Quad/Graphics Price Performance

Shares of QUAD stock traded down $0.35 during trading hours on Friday, hitting $5.11. 239,869 shares of the company’s stock were exchanged, compared to its average volume of 154,172. The company has a market capitalization of $266.54 million, a PE ratio of -4.29 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. Quad/Graphics has a 12-month low of $3.96 and a 12-month high of $6.75. The business’s 50 day simple moving average is $4.81 and its 200-day simple moving average is $4.96.

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

Quad/Graphics Announces Dividend

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

Institutional Investors Weigh In On Quad/Graphics

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Quad/Graphics during the third quarter valued at approximately $54,000. GAMMA Investing LLC purchased a new stake in shares of Quad/Graphics in the 2nd quarter worth about $68,000. Quadrature Capital Ltd bought a new position in shares of Quad/Graphics in the 1st quarter worth about $104,000. Heron Bay Capital Management purchased a new position in Quad/Graphics during the 2nd quarter valued at about $124,000. Finally, Cubist Systematic Strategies LLC boosted its stake in Quad/Graphics by 20.7% during the second quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider’s stock worth $128,000 after acquiring an additional 4,023 shares in the last quarter. 39.52% of the stock is 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.