BMC Stock (BMCH) Upgraded at TheStreet

BMC Stock (NASDAQ:BMCH) was upgraded by TheStreet from a “c” rating to a “b-” rating in a report issued on Thursday.

Several other equities research analysts have also issued reports on the company. BidaskClub lowered BMC Stock from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered BMC Stock from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Royal Bank of Canada set a $23.00 target price on BMC Stock and gave the company a “buy” rating in a research report on Wednesday, February 14th. B. Riley lowered BMC Stock from a “buy” rating to a “neutral” rating and raised their target price for the company from $25.00 to $26.00 in a research report on Wednesday, January 3rd. Finally, Stephens set a $23.00 target price on BMC Stock and gave the company a “buy” rating in a research report on Thursday, March 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.38.

How to Become a New Pot Stock Millionaire

NASDAQ BMCH traded down $0.45 on Thursday, reaching $19.85. The company had a trading volume of 408,125 shares, compared to its average volume of 474,580. The firm has a market capitalization of $1,364.07, a P/E ratio of 19.46 and a beta of 1.34. BMC Stock has a 52-week low of $18.20 and a 52-week high of $25.70. The company has a current ratio of 2.33, a quick ratio of 1.35 and a debt-to-equity ratio of 0.49.

BMC Stock (NASDAQ:BMCH) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The company had revenue of $840.88 million during the quarter, compared to analysts’ expectations of $821.77 million. BMC Stock had a net margin of 1.71% and a return on equity of 9.50%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. sell-side analysts predict that BMC Stock will post 1.44 EPS for the current fiscal year.

In other BMC Stock news, Director David W. Bullock bought 5,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was purchased at an average cost of $19.13 per share, with a total value of $95,650.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carl R. Vertuca, Jr. sold 7,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $19.70, for a total value of $137,900.00. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Zions Bancorporation bought a new position in shares of BMC Stock during the 3rd quarter worth $110,000. Pinnacle Associates Ltd. bought a new position in shares of BMC Stock during the 4th quarter worth $202,000. Paloma Partners Management Co bought a new position in shares of BMC Stock during the 4th quarter worth $208,000. Amalgamated Bank bought a new position in shares of BMC Stock during the 4th quarter worth $222,000. Finally, Vident Investment Advisory LLC bought a new position in shares of BMC Stock during the 3rd quarter worth $285,000.

TRADEMARK VIOLATION WARNING: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3338406/bmc-stock-bmch-upgraded-at-thestreet.html.

About BMC Stock

BMC Stock Holdings, Inc is a provider of building products and services in the United States residential construction market. The Company’s segments include Mid-Atlantic, Southeast, Texas, Intermountain, Western and Mountain West divisions. Its product offerings include lumber and lumber sheet goods and an array of products, including millwork, doors, windows, structural components, floor and roof trusses and wall panels.

Analyst Recommendations for BMC Stock (NASDAQ:BMCH)

Receive News & Ratings for BMC Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMC Stock and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

vSlice  Price Reaches $0.0816 on Exchanges
vSlice Price Reaches $0.0816 on Exchanges
Eurocoin Trading Down 20.9% Over Last Week
Eurocoin Trading Down 20.9% Over Last Week
Bela Price Tops $0.0784 on Top Exchanges
Bela Price Tops $0.0784 on Top Exchanges
Maverick Chain  One Day Trading Volume Tops $2,124.00
Maverick Chain One Day Trading Volume Tops $2,124.00
IntenseCoin  Price Tops $0.0030 on Major Exchanges
IntenseCoin Price Tops $0.0030 on Major Exchanges
Polymath  Achieves Market Capitalization of $91.86 Million
Polymath Achieves Market Capitalization of $91.86 Million


Leave a Reply

© 2006-2018 Ticker Report. Google+.