Boise Cascade Company (BCC) Surges to 52-Week High, Is Now Top Performer

January 15, 2018 - By Nellie Frank

Investors sentiment increased to 1.59 in 2017 Q3. Its up 0.40, from 1.19 in 2017Q2. It improved, as 11 investors sold Boise Cascade Company shares while 52 reduced holdings. 41 funds opened positions while 59 raised stakes. 35.14 million shares or 3.78% less from 36.52 million shares in 2017Q2 were reported.
Acadian Asset Ltd Company invested 0% of its portfolio in Boise Cascade Company (NYSE:BCC). D E Shaw Co Inc stated it has 33,838 shares. The North Carolina-based First Personal Financial Svcs has invested 0% in Boise Cascade Company (NYSE:BCC). Matarin Cap Ltd Limited Liability Company invested in 0.05% or 17,729 shares. Duncker Streett And stated it has 8,700 shares. The Australia-based Macquarie Gp Limited has invested 0.07% in Boise Cascade Company (NYSE:BCC). Meeder Asset Mgmt Inc accumulated 0% or 1,079 shares. Arrowstreet Cap Lp holds 0.01% or 127,292 shares. Dimensional Fund Advisors L P has invested 0.05% in Boise Cascade Company (NYSE:BCC). Ahl Prns Ltd Liability Partnership has invested 0.02% in Boise Cascade Company (NYSE:BCC). New York-based Citigroup has invested 0% in Boise Cascade Company (NYSE:BCC). Mason Street Advsrs has 0.01% invested in Boise Cascade Company (NYSE:BCC) for 9,760 shares. Ifc Holding Fl has invested 0.03% of its portfolio in Boise Cascade Company (NYSE:BCC). Hussman Strategic Advisors holds 0.02% or 2,600 shares in its portfolio. Prudential Fin reported 108,315 shares stake.

Since September 12, 2017, it had 0 insider buys, and 1 sale for $557,309 activity.

The stock of Boise Cascade Company (NYSE:BCC) hit a new 52-week high and has $43.57 target or 3.00 % above today’s $42.30 share price. The 9 months bullish chart indicates low risk for the $1.63 billion company. The 1-year high was reported on Jan, 15 by Barchart.com. If the $43.57 price target is reached, the company will be worth $48.93M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.95% or $0.4 during the last trading session, reaching $42.3. About 397,747 shares traded. Boise Cascade Company (NYSE:BCC) has risen 24.71% since January 15, 2017 and is uptrending. It has outperformed by 8.01% the S&P500.

Analysts await Boise Cascade Company (NYSE:BCC) to report earnings on February, 23. They expect $0.31 EPS, up 933.33 % or $0.28 from last year’s $0.03 per share. BCC’s profit will be $11.95M for 34.11 P/E if the $0.31 EPS becomes a reality. After $0.81 actual EPS reported by Boise Cascade Company for the previous quarter, Wall Street now forecasts -61.73 % negative EPS growth.

Boise Cascade Company (NYSE:BCC) Ratings Coverage

Among 6 analysts covering Boise Cascade (NYSE:BCC), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Boise Cascade had 16 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Friday, July 1. As per Wednesday, July 19, the company rating was maintained by BMO Capital Markets. DA Davidson downgraded Boise Cascade Company (NYSE:BCC) on Tuesday, October 3 to “Neutral” rating. BMO Capital Markets maintained Boise Cascade Company (NYSE:BCC) on Thursday, April 13 with “Hold” rating. As per Wednesday, October 26, the company rating was downgraded by Goldman Sachs. On Tuesday, April 4 the stock rating was upgraded by Bank of America to “Buy”. The company was downgraded on Wednesday, October 4 by Vertical Research. The stock of Boise Cascade Company (NYSE:BCC) has “Hold” rating given on Friday, June 9 by BMO Capital Markets. The firm earned “Buy” rating on Friday, July 24 by DA Davidson. As per Friday, September 15, the company rating was initiated by Sidoti.

More news for Boise Cascade Company (NYSE:BCC) were recently published by: Bizjournals.com, which released: “Boise Cascade will open distribution center” on June 27, 2014. Marketwatch.com‘s article titled: “Boise Cascade Co.” and published on June 06, 2011 is yet another important article.

Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. The company has market cap of $1.63 billion. The Company’s Wood Products segment makes laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber, studs, and particleboards. It has a 24.3 P/E ratio. This segment??s products are used primarily in new residential construction, residential repair-and-remodeling markets, and light commercial construction.

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