BlueLinx Holdings Inc. (NYSE:BXC – Get Rating) has earned an average recommendation of "Buy" from the five analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is $121.00.
Separately, StockNews.com upgraded shares of BlueLinx from a "hold" rating to a "buy" rating in a research note on Wednesday, November 30th.
Get BlueLinx alerts:BlueLinx Price Performance
Shares of NYSE:BXC opened at $72.00 on Friday. The company's fifty day moving average price is $67.89 and its 200 day moving average price is $70.07. BlueLinx has a 12 month low of $57.49 and a 12 month high of $100.01. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.24 and a quick ratio of 2.28. The firm has a market capitalization of $650.52 million, a P/E ratio of 2.10 and a beta of 1.81.
BlueLinx (NYSE:BXC – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The construction company reported $6.38 EPS for the quarter, topping the consensus estimate of $5.40 by $0.98. BlueLinx had a net margin of 7.38% and a return on equity of 70.64%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. As a group, sell-side analysts predict that BlueLinx will post 30.17 earnings per share for the current fiscal year.Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in BlueLinx in the second quarter valued at $167,000. Chicago Partners Investment Group LLC acquired a new position in BlueLinx in the first quarter valued at $215,000. AE Wealth Management LLC acquired a new position in BlueLinx in the second quarter valued at $450,000. Alpha Paradigm Partners LLC acquired a new position in BlueLinx in the second quarter valued at $1,811,000. Finally, SG Americas Securities LLC acquired a new position in BlueLinx in the second quarter valued at $4,741,000. 84.90% of the stock is currently owned by institutional investors and hedge funds.
About BlueLinx
(Get Rating)
BlueLinx Holdings Inc, together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, spruce, and other wood products primarily that are used for structural support in construction projects.
Further Reading
- Get a free copy of the StockNews.com research report on BlueLinx (BXC)
- MarketBeat: Week in Review 12/19 – 12/23
- These Steelmakers Deserve A Place On Your 2023 Watch List
- Inflation Cools, Where Does The S&P 500 Go Now
- Cintas Beats Inflation With Operating Leverage
- Your Decision to Buy Palantir May Simply Be a Matter of Time
Receive News & Ratings for BlueLinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueLinx and related companies with MarketBeat.com's FREE daily email newsletter.