Boise Cascade, L.L.C. (NYSE:BCC) Receives $102.50 Consensus Price Target from Analysts

by · The Markets Daily

Boise Cascade, L.L.C. (NYSE:BCC – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $102.50.

A number of brokerages have weighed in on BCC. Truist Financial dropped their price target on shares of Boise Cascade from $101.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boise Cascade in a research report on Monday. BMO Capital Markets raised Boise Cascade from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Wednesday, November 5th. The Goldman Sachs Group decreased their price target on Boise Cascade from $96.00 to $82.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Boise Cascade in a research note on Thursday, November 20th.

Check Out Our Latest Stock Analysis on Boise Cascade

Boise Cascade Trading Up 0.4%

Shares of Boise Cascade stock opened at $76.54 on Friday. The stock has a 50 day moving average of $72.22 and a 200 day moving average of $81.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.69 and a current ratio of 3.10. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 6.31 and a beta of 1.27. Boise Cascade has a fifty-two week low of $65.14 and a fifty-two week high of $139.58.

Boise Cascade (NYSE:BCC – Get Free Report) last announced its quarterly earnings results on Monday, November 3rd. The construction company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. Boise Cascade had a return on equity of 9.00% and a net margin of 2.96%.The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 EPS. As a group, research analysts predict that Boise Cascade will post 10.15 earnings per share for the current year.

Boise Cascade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, December 1st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, December 1st. Boise Cascade’s payout ratio is currently 17.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new position in Boise Cascade during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in Boise Cascade by 231.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 371 shares of the construction company’s stock valued at $29,000 after buying an additional 259 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Boise Cascade by 120.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 406 shares of the construction company’s stock valued at $40,000 after buying an additional 222 shares in the last quarter. Huntington National Bank raised its stake in Boise Cascade by 630.0% in the second quarter. Huntington National Bank now owns 438 shares of the construction company’s stock valued at $38,000 after buying an additional 378 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Boise Cascade by 1,071.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 492 shares of the construction company’s stock worth $38,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

About Boise Cascade

(Get Free Report)

Boise Cascade Company engages in manufacture of wood products and distribution of building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.

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