In a report released today, Kurt Yinger from D.A. Davidson maintained a Buy rating on Bluelinx Holdings (BXC – Research Report). The company’s shares closed yesterday at $109.67.
Yinger covers the Industrials sector, focusing on stocks such as Bluelinx Holdings, Builders Firstsource, and Kadant. According to TipRanks, Yinger has an average return of 26.5% and a 75.64% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bluelinx Holdings with a $139.50 average price target.
BXC market cap is currently $948.7M and has a P/E ratio of 20.76.
Based on the recent corporate insider activity of 24 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 BXC 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.
Bluelinx Holdings (BXC) Company Description:
BlueLinx Holdings, Inc. engages in the distribution of building and industrial products. Its products include two principal categories: structural and specialty. Structural products include plywood, oriented strand board, rebar and remesh, lumber, spruce and other wood products primarily used for structural support, walls, and flooring in construction projects. Specialty products include engineered wood products, moulding, siding, cedar, metal products and insulation. The company was founded in May 2004 and is headquartered in Atlanta, GA.
