BMC Stock Holdings Inc. (BMCH) PT Lowered to $20.00
BMC Stock Holdings Inc. (NASDAQ:BMCH) had its target price dropped by Royal Bank Of Canada from $24.00 to $20.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 14.29% from the company’s current price.
Other equities analysts also recently issued research reports about the company. RBC Capital Markets reiterated a “buy” rating and set a $24.00 price objective on shares of BMC Stock Holdings in a research report on Friday, August 19th. Zacks Investment Research upgraded BMC Stock Holdings from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research report on Tuesday, August 9th. Finally, FBR & Co reiterated an “outperform” rating and set a $21.00 price objective (down previously from $23.00) on shares of BMC Stock Holdings in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $20.87.
BMC Stock Holdings (NASDAQ:BMCH) traded up 2.86% during trading on Tuesday, hitting $18.00. The stock had a trading volume of 30,747 shares. BMC Stock Holdings has a one year low of $12.14 and a one year high of $21.50. The firm has a 50 day moving average of $17.10 and a 200-day moving average of $18.60. The company has a market cap of $1.20 billion, a P/E ratio of 127.66 and a beta of 1.42.
BMC Stock Holdings (NASDAQ:BMCH) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. BMC Stock Holdings had a return on equity of 8.72% and a net margin of 0.46%. The firm had revenue of $821.20 million for the quarter, compared to analyst estimates of $851.14 million. The firm’s quarterly revenue was up 97.2% compared to the same quarter last year. Equities analysts anticipate that BMC Stock Holdings will post $0.93 earnings per share for the current fiscal year.
In other news, major shareholder Gores Group, Llc sold 1,000,000 shares of BMC Stock Holdings stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $19.80, for a total value of $19,800,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.15% of the stock is owned by company insiders.
About BMC Stock Holdings
BMC Stock Holdings, Inc, formerly Stock Building Supply Holdings, Inc, is a diversified lumber and building materials (LBM) distributor and solutions provider that sells to construction and repair and remodeling contractors. The Company’s operating segments include Mid-Atlantic, Southeast, Texas, Intermountain, West and Mountain West divisions.
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