Quad/Graphics (NYSE:QUAD) Stock Rating Reaffirmed by Rosenblatt Securities

Quad/Graphics (NYSE:QUAD)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They currently have a $7.60 price target on the business services provider’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 63.44% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Barrington Research reiterated an “outperform” rating and issued a $8.50 price objective on shares of Quad/Graphics in a report on Friday, September 20th. StockNews.com raised Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 16th.

Quad/Graphics Stock Down 1.3 %

Shares of NYSE:QUAD opened at $4.65 on Tuesday. The company has a market cap of $242.54 million, a price-to-earnings ratio of -3.72 and a beta of 1.60. Quad/Graphics has a one year low of $3.96 and a one year high of $6.75. The firm has a fifty day moving average price of $4.75 and a two-hundred day moving average price of $4.96. The company has a debt-to-equity ratio of 5.83, a current ratio of 0.85 and a quick ratio of 0.56.

Quad/Graphics (NYSE:QUAD) last announced its earnings results on Tuesday, July 30th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Quad/Graphics had a negative net margin of 2.00% and a positive return on equity of 26.62%. The business had revenue of $634.20 million during the quarter, compared to analyst estimates of $645.70 million. During the same period in the previous year, the business posted $0.02 earnings per share. Analysts anticipate that Quad/Graphics will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in QUAD. Cubist Systematic Strategies LLC raised its position in shares of Quad/Graphics by 20.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider’s stock worth $128,000 after acquiring an additional 4,023 shares in the last quarter. Bank of Montreal Can bought a new position in Quad/Graphics in the second quarter worth $408,000. Heron Bay Capital Management purchased a new position in Quad/Graphics during the second quarter valued at $124,000. Inspire Investing LLC purchased a new position in Quad/Graphics during the second quarter valued at $850,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Quad/Graphics by 1.7% during the 2nd 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 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.