Quad/Graphics (NYSE:QUAD) Given New $10.30 Price Target at Rosenblatt Securities

Quad/Graphics (NYSE:QUAD) had its price target boosted by Rosenblatt Securities from $7.70 to $10.30 in a report published on Monday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other research firms have also recently weighed in on QUAD. StockNews.com raised Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report 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

QUAD stock opened at $7.24 on Monday. Quad/Graphics has a 52-week low of $4.06 and a 52-week high of $7.94. The firm has a market capitalization of $377.35 million, a price-to-earnings ratio of -4.39 and a beta of 1.57. The firm has a 50 day moving average price of $5.96 and a 200-day moving average price of $5.33. 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) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $674.80 million for the quarter, compared to analysts’ expectations of $654.90 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Equities research analysts forecast that Quad/Graphics will post 0.84 EPS for the current fiscal year.

Quad/Graphics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, November 18th. Quad/Graphics’s payout ratio is currently -12.12%.

Institutional Trading of Quad/Graphics

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised 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 buying an additional 11,139 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Quad/Graphics in the 1st quarter valued at about $104,000. EMC Capital Management lifted its holdings in shares of Quad/Graphics by 11.7% in the 1st quarter. EMC Capital Management now owns 25,020 shares of the business services provider’s stock worth $133,000 after buying an additional 2,623 shares during the period. GAMMA Investing LLC bought a new stake in shares of Quad/Graphics in the 2nd quarter valued at about $68,000. Finally, Harbor Capital Advisors Inc. raised its position 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 worth $175,000 after acquiring an additional 23,507 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.