Boise Cascade (NYSE:BCC) Coverage Initiated at Loop Capital

Investment analysts at Loop Capital assumed coverage on shares of Boise Cascade (NYSE:BCC - Get Free Report) in a research note issued on Friday, Marketbeat reports. The brokerage set a "buy" rating and a $155.00 price target on the construction company's stock. Loop Capital's price target points to a potential upside of 15.49% from the company's current price.

BCC has been the topic of a number of other research reports. Truist Financial upped their target price on shares of Boise Cascade from $154.00 to $161.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reduced their target price on shares of Boise Cascade from $140.00 to $122.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. Bank of America boosted their target price on Boise Cascade from $120.00 to $124.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. Finally, StockNews.com upgraded Boise Cascade from a "hold" rating to a "buy" rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Boise Cascade has an average rating of "Hold" and an average target price of $139.60.

Boise Cascade Stock Up 0.9 %

Shares of NYSE BCC traded up $1.18 during trading on Friday, reaching $134.21. 222,418 shares of the stock were exchanged, compared to its average volume of 307,918. The business's 50-day moving average price is $136.18 and its 200 day moving average price is $132.66. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 11.81 and a beta of 1.52. Boise Cascade has a twelve month low of $99.11 and a twelve month high of $154.67. The company has a quick ratio of 2.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.21.

Boise Cascade (NYSE:BCC - Get Free Report) last announced its earnings results on Monday, August 5th. The construction company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.16. Boise Cascade had a return on equity of 20.17% and a net margin of 6.60%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm earned $3.67 earnings per share. The company's revenue was down 1.0% on a year-over-year basis. As a group, equities analysts forecast that Boise Cascade will post 9.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Boise Cascade

Several institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new position in Boise Cascade during the third quarter valued at approximately $28,000. Larson Financial Group LLC acquired a new stake in shares of Boise Cascade in the second quarter valued at about $36,000. iA Global Asset Management Inc. acquired a new position in shares of Boise Cascade during the 1st quarter worth about $82,000. Daiwa Securities Group Inc. boosted its stake in Boise Cascade by 500.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 600 shares of the construction company's stock valued at $92,000 after purchasing an additional 500 shares during the period. Finally, CWM LLC grew its holdings in Boise Cascade by 26.5% in the 3rd quarter. CWM LLC now owns 673 shares of the construction company's stock valued at $95,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company's stock.

About Boise Cascade

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.