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. It also provides various value-added services and solutions to customers and suppliers. The company serves dealers, specialty distributors, national home centers, and manufactured housing customers through a network of distribution centers. BlueLinx Holdings Inc. was incorporated in 2004 and is headquartered in Marietta, Georgia.
Analysts Set New Price Targets
A number of research firms have issued reports on BXC. Seaport Res Ptn reissued a "buy" rating on shares of BlueLinx in a research note on Monday, July 25th. Craig Hallum dropped their price target on shares of BlueLinx from $138.00 to $127.00 in a research report on Thursday, August 4th. TheStreet upgraded shares of BlueLinx from a "c" rating to a "b-" rating in a research report on Wednesday, May 4th. Benchmark dropped their price target on shares of BlueLinx to $115.00 in a research report on Tuesday, August 9th. Finally, StockNews.com upgraded shares of BlueLinx from a "hold" rating to a "buy" rating in a research report on Friday, August 5th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $104.75.
BlueLinx Stock Up 2.0 %
NYSE:BXC opened at $78.64 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.73 and a quick ratio of 1.84. The company's 50 day simple moving average is $73.24 and its 200 day simple moving average is $77.64. BlueLinx has a 12 month low of $45.86 and a 12 month high of $100.01. The company has a market capitalization of $759.51 million, a P/E ratio of 2.40 and a beta of 1.84.
BlueLinx (NYSE:BXC - Get Rating) last released its earnings results on Tuesday, August 2nd. The construction company reported $7.48 EPS for the quarter, missing analysts' consensus estimates of $7.64 by ($0.16). BlueLinx had a return on equity of 79.52% and a net margin of 7.26%. During the same quarter in the prior year, the company earned $11.61 earnings per share. Equities research analysts expect that BlueLinx will post 26.68 earnings per share for the current fiscal year.