In a report released today, Kurt Yinger from D.A. Davidson maintained a Buy rating on Boise Cascade (BCC – Research Report), with a price target of $155.00. The company’s shares closed yesterday at $137.58.
According to TipRanks, Yinger is a 5-star analyst with an average return of 28.5% and an 83.82% success rate. Yinger covers the Industrials sector, focusing on stocks such as Builders Firstsource, Kadant, and Louisiana-Pacific.
The word on The Street in general, suggests a Hold analyst consensus rating for Boise Cascade with a $132.60 average price target.
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The company has a one-year high of $138.33 and a one-year low of $54.18. Currently, Boise Cascade has an average volume of 286.4K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BCC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Boise Cascade (BCC) Company Description:
Boise Cascade Co. engages in the manufacture and distribution of vertically-integrated wood products and building materials. It operates through the Wood Products and Building Materials Distribution (BMD) segments. The Wood Products segment manufactures and sells engineered wood products, plywood, particleboard, studs and ponderosa pine lumber. The Building Materials Distribution segment distributes and sells broad line of building materials, including engineered wood products, oriented strand board, plywood, lumber, and general line items such as siding, metal products, insulation, roofing, and composite decking. The company was founded on October 29, 2004 and is headquartered in Boise, ID.
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