Investment analysts at Goldman Sachs Group Inc. started coverage on shares of Boise Cascade L.L.C. (NYSE:BCC) in a note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

Several other equities analysts have also issued reports on BCC. Zacks Investment Research raised Boise Cascade L.L.C. from a “sell” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, August 2nd. TheStreet raised Boise Cascade L.L.C. from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. BMO Capital Markets reissued a “buy” rating and issued a $30.00 price target on shares of Boise Cascade L.L.C. in a research note on Tuesday, July 12th. Finally, Bank of America Corp. downgraded Boise Cascade L.L.C. from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a report on Friday, July 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $28.33.

Shares of Boise Cascade L.L.C. (NYSE:BCC) opened at 24.63 on Thursday. The stock has a 50 day moving average price of $25.58 and a 200 day moving average price of $22.97. The firm has a market cap of $954.41 million, a P/E ratio of 19.75 and a beta of 1.84. Boise Cascade L.L.C. has a 12-month low of $13.80 and a 12-month high of $33.15.

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Boise Cascade L.L.C. (NYSE:BCC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.12. Boise Cascade L.L.C. had a return on equity of 9.37% and a net margin of 1.28%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Boise Cascade L.L.C. will post $1.47 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in BCC. Loomis Sayles & Co. L P purchased a new stake in Boise Cascade L.L.C. during the first quarter valued at approximately $106,000. PineBridge Investments L.P. increased its stake in shares of Boise Cascade L.L.C. by 7.7% in the second quarter. PineBridge Investments L.P. now owns 4,915 shares of the company’s stock valued at $113,000 after buying an additional 353 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Boise Cascade L.L.C. by 1,630.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,192 shares of the company’s stock valued at $119,000 after buying an additional 4,892 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Boise Cascade L.L.C. by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,444 shares of the company’s stock valued at $125,000 after buying an additional 658 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Boise Cascade L.L.C. by 28.1% in the second quarter. Public Employees Retirement System of Ohio now owns 5,696 shares of the company’s stock valued at $131,000 after buying an additional 1,250 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Boise Cascade L.L.C. Company Profile

Boise Cascade Company, formerly Boise Cascade, LLC., is a plywood and engineered wood products (EWP) manufacturer and building materials distributor with operations throughout the United States. The Company’s segments include Wood Products, Building Materials Distribution, and Corporate and Other. Its Wood Products segment manufactures plywood, EWP, studs, particleboard and ponderosa pine lumber.

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