Brokerages Set Boise Cascade, L.L.C. (BCC) Price Target at $31.50

Boise Cascade, L.L.C. (NYSE:BCC) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.50.

Several research analysts have commented on BCC shares. Bank of America Corporation restated a “neutral” rating and set a $30.00 price objective (up from $28.00) on shares of Boise Cascade, L.L.C. in a research report on Tuesday, February 21st. TheStreet upgraded shares of Boise Cascade, L.L.C. from a “c” rating to a “b” rating in a research report on Friday, May 5th. Zacks Investment Research downgraded shares of Boise Cascade, L.L.C. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 1st. BMO Capital Markets restated a “hold” rating and set a $30.00 price objective on shares of Boise Cascade, L.L.C. in a research report on Wednesday, April 12th. Finally, BidaskClub upgraded shares of Boise Cascade, L.L.C. from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Boise Cascade, L.L.C. by 38,826.0% in the first quarter. BlackRock Inc. now owns 4,889,878 shares of the construction company’s stock valued at $130,560,000 after buying an additional 4,877,316 shares during the period. Vanguard Group Inc. increased its position in shares of Boise Cascade, L.L.C. by 6.4% in the first quarter. Vanguard Group Inc. now owns 3,552,414 shares of the construction company’s stock valued at $94,850,000 after buying an additional 213,736 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Boise Cascade, L.L.C. by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,427,729 shares of the construction company’s stock valued at $64,820,000 after buying an additional 231,077 shares during the period. Frontier Capital Management Co. LLC increased its position in shares of Boise Cascade, L.L.C. by 2.1% in the first quarter. Frontier Capital Management Co. LLC now owns 2,376,038 shares of the construction company’s stock valued at $63,440,000 after buying an additional 47,746 shares during the period. Finally, Peregrine Capital Management LLC increased its position in shares of Boise Cascade, L.L.C. by 7.3% in the first quarter. Peregrine Capital Management LLC now owns 1,075,077 shares of the construction company’s stock valued at $29,296,000 after buying an additional 73,338 shares during the period. Institutional investors own 96.16% of the company’s stock.

Boise Cascade, L.L.C. (BCC) traded down 0.33% during midday trading on Thursday, reaching $30.60. The company had a trading volume of 84,971 shares. The company has a market capitalization of $1.18 billion, a PE ratio of 27.57 and a beta of 2.08. Boise Cascade, L.L.C. has a one year low of $17.80 and a one year high of $33.40. The stock’s 50 day moving average is $28.76 and its 200 day moving average is $26.85.

Boise Cascade, L.L.C. (NYSE:BCC) last announced its quarterly earnings data on Wednesday, May 3rd. The construction company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.09 by $0.17. Boise Cascade, L.L.C. had a net margin of 1.08% and a return on equity of 8.01%. The business had revenue of $974.40 million during the quarter, compared to the consensus estimate of $966.82 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that Boise Cascade, L.L.C. will post $1.79 earnings per share for the current fiscal year.

About Boise Cascade, L.L.C.

Boise Cascade Company is an integrated wood products manufacturer and building materials distributor with operations throughout the United States and one manufacturing facility in Canada. The Company is also a producer of engineered wood products (EWP) and plywood in North America. The Company operates through three segments: Wood Products, Building Materials Distribution, and Corporate and Other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BCC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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