Boise Cascade L.L.C. (BCC) Shares Up 3.3%
Boise Cascade L.L.C. (NYSE:BCC) shot up 3.3% on Monday . The company traded as high as $25.96 and last traded at $25.93, with a volume of 256,886 shares traded. The stock had previously closed at $25.11.
A number of brokerages have recently issued reports on BCC. Zacks Investment Research upgraded shares of Boise Cascade L.L.C. from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Friday, May 6th. TheStreet upgraded shares of Boise Cascade L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. BMO Capital Markets restated a “buy” rating and issued a $30.00 price target on shares of Boise Cascade L.L.C. in a research report on Friday, July 29th. Finally, Bank of America Corp. downgraded shares of Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research report on Friday, July 1st. They noted that the move was a valuation call.
The company has a market cap of $1.01 billion and a P/E ratio of 20.98. The stock’s 50-day moving average price is $26.16 and its 200-day moving average price is $21.93.
Boise Cascade L.L.C. (NYSE:BCC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.12. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Boise Cascade L.L.C. will post $1.47 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Boise Cascade L.L.C. stock. Marshall Wace LLP acquired a new stake in Boise Cascade L.L.C. (NYSE:BCC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 50,460 shares of the company’s stock, valued at approximately $1,288,000. Marshall Wace LLP owned 0.13% of Boise Cascade L.L.C. at the end of the most recent quarter.
Boise Cascade Company, formerly Boise Cascade, LLC., is a plywood and engineered wood products (EWP) manufacturer and building materials distributor with operations throughout the United States. The Company’s segments include Wood Products, Building Materials Distribution, and Corporate and Other. Its Wood Products segment manufactures plywood, EWP, studs, particleboard and ponderosa pine lumber.
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