BMC Stock Holdings Inc. (NASDAQ:BMCH) had its price objective cut by research analysts at Royal Bank Of Canada from $24.00 to $20.00 in a research report issued on Tuesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 4.44% from the company’s current price.
Several other research firms have also issued reports on BMCH. Zacks Investment Research raised BMC Stock Holdings from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research report on Tuesday, August 9th. FBR & Co reaffirmed an “outperform” rating and issued a $23.00 price target (up previously from $22.00) on shares of BMC Stock Holdings in a research report on Tuesday, August 16th. Finally, RBC Capital Markets reaffirmed a “buy” rating and issued a $24.00 price target on shares of BMC Stock Holdings in a research report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $20.87.
BMC Stock Holdings (NASDAQ:BMCH) traded down 0.52% during midday trading on Tuesday, reaching $19.15. 78,298 shares of the company’s stock traded hands. BMC Stock Holdings has a one year low of $12.14 and a one year high of $21.50. The stock has a market cap of $1.28 billion, a PE ratio of 90.33 and a beta of 1.42. The stock’s 50 day moving average price is $17.36 and its 200-day moving average price is $18.67.
BMC Stock Holdings (NASDAQ:BMCH) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm earned $821.20 million during the quarter, compared to analyst estimates of $851.14 million. BMC Stock Holdings had a return on equity of 8.61% and a net margin of 0.46%. The company’s quarterly revenue was up 97.2% on a year-over-year basis. Equities analysts predict that BMC Stock Holdings will post $0.93 earnings per share for the current year.
In other BMC Stock Holdings news, Director Carl R. Vertuca, Jr. sold 12,339 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $18.08, for a total transaction of $223,089.12. Following the completion of the sale, the director now directly owns 134,549 shares in the company, valued at approximately $2,432,645.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carl R. Vertuca, Jr. sold 24,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $18.99, for a total value of $455,760.00. Following the sale, the director now owns 134,549 shares of the company’s stock, valued at $2,555,085.51. The disclosure for this sale can be found here. 5.15% of the stock is owned by corporate insiders.
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