Boise Cascade (NYSE:BCC) Price Target Lowered to $140.00 at Loop Capital

Boise Cascade (NYSE:BCC) had its price target cut by investment analysts at Loop Capital from $145.00 to $140.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Loop Capital’s target price indicates a potential upside of 32.58% from the stock’s current price.

BCC has been the topic of several other reports. StockNews.com lowered shares of Boise Cascade from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Truist Financial decreased their price objective on shares of Boise Cascade from $161.00 to $157.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, The Goldman Sachs Group dropped their target price on shares of Boise Cascade from $145.00 to $126.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.67.

Boise Cascade Price Performance

BCC traded down $1.19 during trading on Monday, reaching $105.60. The company’s stock had a trading volume of 109,628 shares, compared to its average volume of 292,765. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 11.02 and a beta of 1.57. The firm has a fifty day simple moving average of $123.15 and a two-hundred day simple moving average of $132.34. Boise Cascade has a 1 year low of $102.27 and a 1 year high of $155.42. The company has a quick ratio of 1.90, a current ratio of 3.13 and a debt-to-equity ratio of 0.22.

Boise Cascade (NYSE:BCC) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.01). The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. Boise Cascade had a net margin of 5.60% and a return on equity of 16.89%. As a group, analysts anticipate that Boise Cascade will post 10.15 EPS for the current year.

Institutional Investors Weigh In On Boise Cascade

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC lifted its holdings in Boise Cascade by 341.9% during the 3rd quarter. Tidal Investments LLC now owns 15,808 shares of the construction company’s stock worth $2,229,000 after buying an additional 12,231 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Boise Cascade by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 437,509 shares of the construction company’s stock worth $61,680,000 after purchasing an additional 9,128 shares during the last quarter. Fulcrum Capital LLC purchased a new position in Boise Cascade in the fourth quarter valued at approximately $1,092,000. Nordea Investment Management AB raised its holdings in Boise Cascade by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 120,816 shares of the construction company’s stock worth $14,454,000 after purchasing an additional 5,779 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Boise Cascade by 174.1% during the 3rd quarter. Barclays PLC now owns 90,366 shares of the construction company’s stock worth $12,739,000 after buying an additional 57,403 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

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.