Boise Cascade Company Coverage Initiated at BMO Capital Markets (BCC)
BMO Capital Markets started coverage on shares of Boise Cascade Company (NYSE:BCC) in a research note issued on Wednesday. The firm set an “outperform” rating and a $38.00 price target on the stock. BMO Capital Markets’ target price would indicate a potential upside of 26.33% from the company’s current price.
Shares of Boise Cascade Company (NYSE:BCC) traded down 2.34% on Wednesday, hitting $30.08. 436,260 shares of the company’s stock traded hands. Boise Cascade Company has a one year low of $22.69 and a one year high of $31.86. The stock’s 50-day moving average is $28.90 and its 200-day moving average is $27.78. The company has a market cap of $1.185 billion and a price-to-earnings ratio of 21.23.
Boise Cascade Company (NYSE:BCC) last released its earnings data on Thursday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.24. The company had revenue of $961.20 million for the quarter, compared to the consensus estimate of $963.05 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Boise Cascade Company will post $1.81 EPS for the current fiscal year.
Boise Cascade Company, formerly Boise Cascade, LLC., is a vertically-integrated wood products manufacturer and building materials distributor with operations throughout the United States and Canada.
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