Quad/Graphics’ (QUAD) Buy Rating Reaffirmed at Rosenblatt Securities

Quad/Graphics (NYSE:QUAD)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a note issued to investors on Tuesday,Benzinga reports. They presently have a $10.30 price objective on the business services provider’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 34.91% from the stock’s current price.

A number of other brokerages have also recently commented on QUAD. Barrington Research reiterated an “outperform” rating and set a $10.00 target price on shares of Quad/Graphics in a report on Tuesday, November 26th. StockNews.com downgraded shares of Quad/Graphics from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st.

Quad/Graphics Trading Down 2.6 %

NYSE:QUAD opened at $7.64 on Tuesday. Quad/Graphics has a 52-week low of $4.06 and a 52-week high of $9.13. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 8.35. The stock has a fifty day simple moving average of $7.12 and a 200-day simple moving average of $6.13. The company has a market capitalization of $397.94 million, a PE ratio of -4.63 and a beta of 1.57.

Hedge Funds Weigh In On Quad/Graphics

Hedge funds have recently made changes to their positions in the stock. Miller Value Partners LLC increased its stake in 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 acquiring an additional 634,315 shares during the last quarter. Heartland Advisors Inc. acquired a new position in Quad/Graphics during the fourth quarter valued at approximately $2,091,000. Bank of New York Mellon Corp lifted its stake in shares of Quad/Graphics by 171.3% during the fourth quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider’s stock worth $2,046,000 after purchasing 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 worth about $1,150,000. Finally, HighTower Advisors LLC acquired a new position in Quad/Graphics during the 4th quarter worth approximately $847,000. Institutional investors and hedge funds own 39.52% of the company’s stock.

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.