Rosenblatt Securities Reaffirms Buy Rating for Quad/Graphics (NYSE:QUAD)

Quad/Graphics (NYSE:QUAD)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $10.30 price target on the business services provider’s stock. Rosenblatt Securities’ price target indicates a potential upside of 34.91% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of Quad/Graphics in a report on Tuesday, November 26th. StockNews.com cut shares of Quad/Graphics from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st.

Quad/Graphics Stock Performance

NYSE QUAD opened at $7.64 on Tuesday. The company has a debt-to-equity ratio of 8.35, a current ratio of 0.85 and a quick ratio of 0.56. The company has a market cap of $397.94 million, a P/E ratio of -4.63 and a beta of 1.57. The stock has a 50-day moving average of $7.12 and a two-hundred day moving average of $6.13. Quad/Graphics has a 1-year low of $4.06 and a 1-year high of $9.13.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Miller Value Partners LLC lifted its holdings in shares of Quad/Graphics by 33.7% during the fourth quarter. Miller Value Partners LLC now owns 2,518,130 shares of the business services provider’s stock worth $17,551,000 after purchasing an additional 634,315 shares during the period. Heartland Advisors Inc. acquired a new position in Quad/Graphics during the 4th quarter worth approximately $2,091,000. Bank of New York Mellon Corp raised its stake in shares of Quad/Graphics by 171.3% during the 4th quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider’s stock worth $2,046,000 after buying an additional 185,344 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Quad/Graphics in the fourth quarter valued at approximately $1,150,000. Finally, HighTower Advisors LLC purchased a new position in Quad/Graphics in the fourth quarter worth $847,000. 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.