Boise Cascade (NYSE:BCC) Price Target Lowered to $157.00 at Truist Financial

Boise Cascade (NYSE:BCC) had its price objective decreased by investment analysts at Truist Financial from $161.00 to $157.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 32.22% from the stock’s current price.

BCC has been the topic of a number of other reports. Bank of America increased their price target on Boise Cascade from $120.00 to $124.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Loop Capital started coverage on Boise Cascade in a report on Friday, November 1st. They set a “buy” rating and a $155.00 target price on the stock. StockNews.com cut Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets increased their price objective on shares of Boise Cascade from $130.00 to $136.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $138.80.

Boise Cascade Stock Performance

Boise Cascade stock opened at $118.74 on Monday. Boise Cascade has a 52-week low of $113.89 and a 52-week high of $155.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.13 and a quick ratio of 1.90. The stock has a fifty day moving average price of $136.06 and a two-hundred day moving average price of $133.09. The firm has a market capitalization of $4.56 billion, a P/E ratio of 11.62 and a beta of 1.58.

Boise Cascade (NYSE:BCC) last announced its quarterly earnings results on Monday, November 4th. The construction company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.04). The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Boise Cascade had a net margin of 5.95% and a return on equity of 18.24%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.58 earnings per share. As a group, analysts anticipate that Boise Cascade will post 9.57 EPS for the current fiscal year.

Institutional Trading of Boise Cascade

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCC. Harbor Capital Advisors Inc. acquired a new stake in shares of Boise Cascade during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC acquired a new stake in Boise Cascade during the 2nd quarter worth $36,000. CWM LLC raised its position in shares of Boise Cascade by 26.5% during the 3rd quarter. CWM LLC now owns 673 shares of the construction company’s stock valued at $95,000 after acquiring an additional 141 shares during the last quarter. Covestor Ltd lifted its stake in shares of Boise Cascade by 50.1% in the 3rd quarter. Covestor Ltd now owns 689 shares of the construction company’s stock valued at $97,000 after purchasing an additional 230 shares during the period. Finally, KBC Group NV lifted its stake in shares of Boise Cascade by 19.0% in the 3rd quarter. KBC Group NV now owns 1,226 shares of the construction company’s stock valued at $173,000 after purchasing an additional 196 shares during the period. 96.18% of the stock is owned by institutional investors.

Boise Cascade Company Profile

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.