Boise Cascade L.L.C. (BCC) Shares Up 3.3%
Shares of Boise Cascade L.L.C. (NYSE:BCC) shot up 3.3% during mid-day trading on Monday . The stock traded as high as $25.96 and last traded at $25.93, with a volume of 256,886 shares changing hands. The stock had previously closed at $25.11.
Several brokerages have issued reports on BCC. Zacks Investment Research raised Boise Cascade L.L.C. from a “sell” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, August 2nd. TheStreet raised Boise Cascade L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $30.00 target price on shares of Boise Cascade L.L.C. in a research report on Tuesday, July 12th. Finally, Bank of America Corp. lowered Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a report on Friday, July 1st. They noted that the move was a valuation call.
The firm has a market capitalization of $1.02 billion and a PE ratio of 21.19. The company’s 50 day moving average is $26.28 and its 200 day moving average is $22.08.
Boise Cascade L.L.C. (NYSE:BCC) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.12. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Equities research analysts expect that Boise Cascade L.L.C. will post $1.47 earnings per share for the current year.
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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