Quad/Graphics (NYSE:QUAD) Price Target Raised to $10.30 at Rosenblatt Securities

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

Several other analysts have also recently issued reports on QUAD. StockNews.com raised shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th. Barrington Research increased their target price on shares of Quad/Graphics from $8.50 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th.

Quad/Graphics Price Performance

Shares of Quad/Graphics stock opened at $7.24 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 8.35. Quad/Graphics has a twelve month low of $4.06 and a twelve month high of $7.94. The business has a 50-day moving average price of $5.96 and a 200 day moving average price of $5.33. The firm has a market cap of $377.35 million, a PE ratio of -4.39 and a beta of 1.57.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $674.80 million for the quarter, compared to analyst estimates of $654.90 million. Quad/Graphics had a negative net margin of 2.82% and a positive return on equity of 42.63%. During the same period last year, the company posted $0.11 EPS. Sell-side analysts predict that Quad/Graphics will post 0.84 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. Stockholders of record on Monday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 2.76%. Quad/Graphics’s dividend payout ratio is currently -12.12%.

Hedge Funds Weigh In On Quad/Graphics

Hedge funds have recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of Quad/Graphics by 323.3% in the 3rd quarter. Barclays PLC now owns 42,763 shares of the business services provider’s stock valued at $195,000 after acquiring an additional 32,661 shares during the period. Geode Capital Management LLC grew its stake in shares of Quad/Graphics by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 669,036 shares of the business services provider’s stock valued at $3,038,000 after purchasing an additional 15,220 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Quad/Graphics by 96.4% during the third quarter. Jane Street Group LLC now owns 85,111 shares of the business services provider’s stock worth $386,000 after purchasing an additional 41,786 shares during the last quarter. State Street Corp lifted its holdings in shares of Quad/Graphics by 2.0% during the third quarter. State Street Corp now owns 539,071 shares of the business services provider’s stock worth $2,447,000 after purchasing an additional 10,431 shares during the period. Finally, Stifel Financial Corp increased its stake in Quad/Graphics by 61.9% in the 3rd quarter. Stifel Financial Corp now owns 31,060 shares of the business services provider’s stock valued at $141,000 after buying an additional 11,874 shares during the period. Hedge funds and other institutional investors own 39.52% of the company’s stock.

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.