Boise Cascade (NYSE:BCC) Downgraded by Zacks Investment Research to Hold

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Boise Cascade stock has undergone multiple analysts rating changes in the recent past.  Boise Cascade Downgraded by Zacks Investment Research on 10/18/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Boise Cascade traded up $0.40 on Monday, reaching $59.15. 169441 shares of the stock traded hands, compared to its average volume of 280420. Shares of Boise Cascade were trading at $59.15 on Monday. The firm’s 50 day moving average is $55.75 and its 200 day moving average is $57.35.Boise Cascade has a 12 month low of $58.11 and a 12 month high of $78.35. While on yearly highs and lows, Boise Cascade’s today has traded high as $59.50 and has touched $58.11 on the downward trend. See More Analyst Rating at: RATING

Boise Cascade Earnings and What to expect: 

Boise Cascade last announced its earnings results on August 1st, 2021. The construction company reported $7.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.87 by $2.75. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Its revenue for the quarter was up 96.6% on a year-over-year basis. Boise Cascade has generated $6.13 earnings per share over the last year ($14.65 diluted earnings per share) and currently has a price-to-earnings ratio of 4.0. Earnings for Boise Cascade are expected to decrease by -57.65% in the coming year, from $15.04 to $6.37 per share. Boise Cascade has confirmed that its next quarterly earnings report will be published on Tuesday, November 2nd, 2021. Boise Cascade will be holding an earnings conference call on Tuesday, November 2nd at 11:00 AM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “1675748”.

Earnings for Boise Cascade are expected to decrease by -57.65% in the coming year, from $15.04 to $6.37 per share. The P/E ratio of Boise Cascade is 4.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.09. The P/E ratio of Boise Cascade is 4.04, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 19.44. Boise Cascade has a PEG Ratio of 0.38. PEG Ratios below 1 indicate that a company could be undervalued. Boise Cascade has a P/B Ratio of 2.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Boise Cascade (NYSE:BCC) Moving Average Technical Analysis

5 day Moving Average is $58.45 And 5 day price change is $2.62 (4.63%)  with average volume for 5 day average is 291,260. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $55.91 and 20 day price change is $6.46 (12.26%) and average 20 day moving volume is 266,245. 50 day moving average is $55.75  and 50 day price change is $5.76 ( 10.79%)  and with average volume for 50 days is : 292,592. 200 day moving average is $57.35  and 200 day price change is $11.35 (23.74%)  and with average volume for 200 days is : 377,095.

Other owners latest trading in Boise Cascade :

  • On 10/18/2021 shares held by Exchange Traded Concepts LLC were 21,619 which equates to market value of $1.17M and appx 0.00% owners of Boise Cascade
  • On 10/18/2021 shares held by Islay Capital Management LLC were 4,025 which equates to market value of $0.22M and appx 0.20% owners of Boise Cascade
  • On 10/18/2021 shares held by Nisa Investment Advisors LLC were 20,300 which equates to market value of $1.10M and appx 0.00% owners of Boise Cascade
  • In total Institutional ownership equates to Institutional Ownership Percentage: 91.06% for Boise Cascade

See More Analyst Rating at: RATING