Barrington Research Forecasts Strong Price Appreciation for Quad/Graphics (NYSE:QUAD) Stock

Quad/Graphics (NYSE:QUAD) had its price target upped by Barrington Research from $8.50 to $10.00 in a report released on Wednesday, Benzinga reports. The brokerage 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.

A number of other brokerages also recently commented on QUAD. Rosenblatt Securities reiterated a “buy” rating and issued a $7.60 target price on shares of Quad/Graphics in a report on Friday, October 25th. StockNews.com upgraded shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th.

Quad/Graphics Trading Up 0.2 %

NYSE:QUAD opened at $6.36 on Wednesday. The firm has a 50-day simple moving average of $4.97 and a 200-day simple moving average of $5.01. Quad/Graphics has a one year low of $4.06 and a one year high of $6.75. The firm has a market cap of $331.74 million, a P/E ratio of -3.85 and a beta of 1.57. 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 earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Quad/Graphics had a positive return on equity of 42.63% and a negative net margin of 2.82%. The company had revenue of $674.80 million during the quarter, compared to analyst estimates of $654.90 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. Equities analysts anticipate that Quad/Graphics will post 0.84 EPS for the current fiscal year.

Quad/Graphics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Monday, November 18th. Quad/Graphics’s dividend payout ratio (DPR) is -12.12%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Quad/Graphics during the 3rd quarter worth about $54,000. GAMMA Investing LLC purchased a new position in Quad/Graphics during the second quarter worth approximately $68,000. Quadrature Capital Ltd acquired a new stake in Quad/Graphics in the first quarter valued at approximately $104,000. Heron Bay Capital Management acquired a new position in shares of Quad/Graphics during the 2nd quarter worth approximately $124,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Quad/Graphics by 20.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider’s stock worth $128,000 after buying an additional 4,023 shares during the period. 39.52% of the stock is owned by institutional investors and hedge funds.

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.