Quad/Graphics (NYSE:QUAD) Price Target Raised to $10.00

Quad/Graphics (NYSE:QUAD) had its target price increased by Barrington Research from $8.50 to $10.00 in a report released on Wednesday morning, Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock. Barrington Research also issued estimates for Quad/Graphics’ FY2024 earnings at $0.84 EPS.

Several other brokerages have also recently issued reports on QUAD. StockNews.com raised Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 26th. Rosenblatt Securities reissued a “buy” rating and issued a $7.60 price objective on shares of Quad/Graphics in a research report on Friday, October 25th.

Quad/Graphics Trading Up 0.1 %

Shares of Quad/Graphics stock opened at $6.36 on Wednesday. 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 has a 52 week low of $4.06 and a 52 week high of $6.75. The stock has a 50 day moving average price of $4.97 and a two-hundred day moving average price of $5.01. The stock has a market capitalization of $331.48 million, a PE ratio of -3.85 and a beta of 1.60.

Quad/Graphics (NYSE:QUAD) last announced its earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $674.80 million for the quarter, compared to analysts’ expectations of $654.90 million. Quad/Graphics had a positive return on equity of 37.63% and a negative net margin of 2.82%. During the same quarter in the previous year, the firm earned $0.11 earnings per share. As a group, equities analysts anticipate that Quad/Graphics will post 0.76 earnings per share for the current fiscal year.

Quad/Graphics Dividend Announcement

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 given a $0.05 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 3.15%. Quad/Graphics’s dividend payout ratio is currently -12.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Quad/Graphics by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,767,528 shares of the business services provider’s stock valued at $9,386,000 after buying an additional 11,139 shares during the period. LSV Asset Management raised its stake in shares of Quad/Graphics by 4.2% in the second quarter. LSV Asset Management now owns 1,165,265 shares of the business services provider’s stock valued at $6,351,000 after buying an additional 46,882 shares during the period. Renaissance Technologies LLC raised its stake in shares of Quad/Graphics by 1.7% in the second quarter. Renaissance Technologies LLC now owns 777,300 shares of the business services provider’s stock valued at $4,236,000 after buying an additional 13,200 shares during the period. Empowered Funds LLC raised its stake in shares of Quad/Graphics by 8.1% in the first quarter. Empowered Funds LLC now owns 246,202 shares of the business services provider’s stock valued at $1,307,000 after buying an additional 18,550 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in shares of Quad/Graphics by 3.5% in the third quarter. Exchange Traded Concepts LLC now owns 232,999 shares of the business services provider’s stock valued at $1,058,000 after buying an additional 7,914 shares during the period. Hedge funds and other institutional investors own 39.52% of the company’s stock.

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.